### light - duty and heavy - duty vehicles are used for different purposes and have different levels of market maturity , and it would be beneficial that public procurement provisions acknowledge these differences . the impact assessment illustrated the added value of adopting an approach based on alternative fuels until technology - neutral requirements for co2 emissions from heavy - duty vehicles have been set at union level , which the commission intends to propose in the future . the impact assessment further recognised that markets for low - and zero - emission urban buses are characterised by increased market maturity , whereas markets for low - and zero - emission trucks are at an earlier stage of market development . ### light - duty and heavy - duty vehicles are used for different purposes and have different levels of market maturity , and it would be beneficial that public procurement provisions acknowledge these differences . the impact assessment illustrated the added value of adopting an approach based on admissible fuels until technology - neutral requirements for co2 emissions from heavy - duty vehicles have been set at union level , which the commission intends to propose in the future . the impact assessment further recognised that markets for low - and zero - emission urban buses are characterised by increased market maturity , whereas markets for low - and zero - emission trucks are at an earlier stage of market development . the concept of admissible fuel is significant insofar as resulting fossil fuel emissions are less than those of natural gas . fuels for vehicles meeting euro vi emission standards are still the most widely used in public transport networks and already ensure a relatively low - emission means of transport . it is therefore important to promote a diversified fleet that produces almost no emissions , for example one consisting of electric and alternatively powered vehicles meeting euro vi standards .


### light - duty and heavy duty vehicles are used for different purposes and have different levels of market maturity , and it would be beneficial that public procurement provisions acknowledge these differences . the impact assessment illustrated the added value of adopting an approach based on alternative fuels until technology - neutral requirements for co2 emissions from heavy - duty vehicles have been set at union level , which the commission intends to propose in the future . the impact assessment further recognised that markets for low - and zero - emission urban buses are characterised by increased market maturity , whereas markets for low - and zero - emission trucks are at an earlier stage of market development . ### light - duty vehicles used for goods transport and heavy - duty vehicles used for the same purposes have different levels of market maturity , and it would be beneficial that public procurement provisions acknowledge these differences . the impact assessment illustrated the added value of adopting an approach based on alternative fuels until technology - neutral requirements for co2 emissions from heavy - duty vehicles have been set at union level , which the commission intends to propose in the future . the impact assessment further recognised that markets for low - and zero - emission urban buses are characterised by increased market maturity , whereas markets for low - and zero - emission trucks are at an earlier stage of market development .


### reporting on public procurement under this amended directive should provide a clear market overview to enable effective monitoring of the implementation . it should start with an intermediate report in 2023 and continue with a first full report on the implementation of the minimum targets in 2026 and thereafter every three years . to minimise administrative burden on single public bodies and establish an effective market overview , simple reporting should be facilitated . the commission will ensure full reporting for low - and zero - emission and other alternative - fuel vehicles within the context of the common procurement vocabulary of the union . specific codes in the common procurement vocabulary will help the registration and monitoring under the tender electronic daily database . ### reporting on public procurement under this amended directive should provide a clear market overview to enable effective monitoring of the implementation . it should start with an intermediate report in 2023 and continue with a first full report on the implementation of the minimum targets in 2026 and thereafter every three years : this new report must take account of ecological developments and the environmental priorities of member states over the last three years according to the same criteria applicable to all member states . to minimise administrative burden on single public bodies and establish an effective market overview , simple reporting should be facilitated . the commission will ensure full reporting for low - and zero - emission and other alternative - fuel vehicles within the context of the common procurement vocabulary of the union . specific codes in the common procurement vocabulary will help the registration and monitoring under the tender electronic daily database .


### the burden of proof of justification and proportionality lies on the member states . the reasons for regulation invoked by a member state by way of justification should thus be accompanied by an analysis of the appropriateness and proportionality of the measure adopted by that state and by specific evidence substantiating its arguments . ### where necessary , it should be for the commission to prove the disproportionate nature of member state requirements . in support of its contention it should provide an analysis of the disproportionate nature of the measure adopted by that state and by specific evidence substantiating its arguments .


### where the taking - up and pursuit of certain employed or self - employed activities are conditional on complying with certain provisions relating to specific professional qualifications , laid down directly or indirectly by the member states , it is necessary to ensure that such provisions are justified by public interest objectives , such as those within the meaning of the treaty , namely public policy , public security and public health or by overriding reasons of general interest , recognised as such in the case - law of the court of justice . it is important to ensure that public interest objectives are adequately identified in order to determine the intensity of the regulation . for example , in order to ensure a high level of protection of public health , member states should enjoy a margin of discretion to decide on the degree of protection which they wish to afford to public health and on the way in which that protection is to be achieved . it is also necessary to clarify that among the overriding reasons of general interest , recognised by the court of justice , are preserving the financial equilibrium of the social security system ; the protection of consumers , recipients of services and workers ; the safeguarding of the proper administration of justice ; fairness of trade transactions ; combating fraud and prevention of tax evasion and avoidance ; road safety ; the protection of the environment and the urban environment ; the health of animals ; intellectual property ; the safeguarding and conservation of the national historic and artistic heritage , social policy objectives and cultural policy objectives . according to settled case - law , purely economic reasons , having essentially protectionist aims , as well as purely administrative reasons , such as carrying out controls or gathering statistics cannot constitute an overriding reason of general interest . ### where the taking - up and pursuit of certain employed or self - employed activities are conditional on complying with certain provisions relating to specific professional qualifications , laid down directly or indirectly by the member states , it is necessary to ensure that such provisions are justified by public interest objectives , such as those within the meaning of the treaty , namely public policy , public security and public health or by overriding reasons of general interest , recognised as such in the case - law of the court of justice . it is important to ensure that public interest objectives are adequately identified in order to determine the intensity of the regulation . for example , in order to ensure a high level of protection of public health , member states should enjoy a margin of discretion to decide on the degree of protection which they wish to afford to public health and on the way in which that protection is to be achieved . it is also necessary to clarify that among the overriding reasons of general interest , recognised by the court of justice , are preserving the financial equilibrium of the social security system ; the protection of consumers , recipients of services and workers ; the safeguarding of the proper administration of justice ; fairness of trade transactions ; combating fraud and prevention of tax evasion and avoidance ; road safety ; the protection of the environment and the urban environment ; the health of animals ; intellectual property ; the safeguarding and conservation of the national historic and artistic heritage , social policy objectives and cultural policy objectives .


### where the taking - up and pursuit of certain employed or self - employed activities are conditional on complying with certain provisions relating to specific professional qualifications , laid down directly or indirectly by the member states , it is necessary to ensure that such provisions are justified by public interest objectives , such as those within the meaning of the treaty , namely public policy , public security and public health or by overriding reasons of general interest , recognised as such in the case - law of the court of justice . it is important to ensure that public interest objectives are adequately identified in order to determine the intensity of the regulation . for example , in order to ensure a high level of protection of public health , member states should enjoy a margin of discretion to decide on the degree of protection which they wish to afford to public health and on the way in which that protection is to be achieved . it is also necessary to clarify that among the overriding reasons of general interest , recognised by the court of justice , are preserving the financial equilibrium of the social security system ; the protection of consumers , recipients of services and workers ; the safeguarding of the proper administration of justice ; fairness of trade transactions ; combating fraud and prevention of tax evasion and avoidance ; road safety ; the protection of the environment and the urban environment ; the health of animals ; intellectual property ; the safeguarding and conservation of the national historic and artistic heritage , social policy objectives and cultural policy objectives . according to settled case - law , purely economic reasons , having essentially protectionist aims , as well as purely administrative reasons , such as carrying out controls or gathering statistics cannot constitute an overriding reason of general interest . ### where the taking - up and pursuit of certain employed or self - employed activities are conditional on complying with certain provisions relating to specific professional qualifications , laid down directly or indirectly by the member states , it is necessary to ensure that such provisions are justified by public interest objectives , such as those within the meaning of article 45 of the treaty on the functioning of the european union , namely public policy , public security and public health or by overriding reasons of general interest , recognised as such in the case - law of the court of justice . it is important to ensure that public interest objectives are adequately identified in order to determine the intensity of the regulation . for example , in order to ensure a high level of protection of public health , member states should enjoy a margin of discretion to decide on the degree of protection which they wish to afford to public health and on the way in which that protection is to be achieved . it is also necessary to clarify that among the overriding reasons of general interest , recognised by the court of justice , are preserving the financial equilibrium of the social security system ; the protection of consumers , recipients of services and workers ; the safeguarding of the proper administration of justice ; fairness of trade transactions ; combating fraud and prevention of tax evasion and avoidance ; road safety ; the protection of the environment and the urban environment ; the health of animals ; intellectual property ; the safeguarding and conservation of the national historic and artistic heritage , social policy objectives and cultural policy objectives . according to settled case - law , purely economic reasons , having essentially protectionist aims , as well as purely administrative reasons , such as carrying out controls or gathering statistics cannot constitute an overriding reason of general interest .


### where the taking - up and pursuit of certain employed or self - employed activities are conditional on complying with certain provisions relating to specific professional qualifications , laid down directly or indirectly by the member states , it is necessary to ensure that such provisions are justified by public interest objectives , such as those within the meaning of the treaty , namely public policy , public security and public health or by overriding reasons of general interest , recognised as such in the case - law of the court of justice . it is important to ensure that public interest objectives are adequately identified in order to determine the intensity of the regulation . for example , in order to ensure a high level of protection of public health , member states should enjoy a margin of discretion to decide on the degree of protection which they wish to afford to public health and on the way in which that protection is to be achieved . it is also necessary to clarify that among the overriding reasons of general interest , recognised by the court of justice , are preserving the financial equilibrium of the social security system ; the protection of consumers , recipients of services and workers ; the safeguarding of the proper administration of justice ; fairness of trade transactions ; combating fraud and prevention of tax evasion and avoidance ; road safety ; the protection of the environment and the urban environment ; the health of animals ; intellectual property ; the safeguarding and conservation of the national historic and artistic heritage , social policy objectives and cultural policy objectives . according to settled case - law , purely economic reasons , having essentially protectionist aims , as well as purely administrative reasons , such as carrying out controls or gathering statistics cannot constitute an overriding reason of general interest . ### where the taking - up and pursuit of certain employed or self - employed activities are conditional on complying with certain provisions relating to specific professional qualifications , laid down directly or indirectly by the member states , it is necessary to ensure that such provisions are justified by public interest objectives , such as those within the meaning of the treaty , namely public policy , public security and public health or by overriding reasons of general interest , recognised as such in the case - law of the court of justice . it is important to ensure that public interest objectives are adequately identified in order to determine the intensity of the regulation . for example , in order to ensure a high level of protection of public order , public security and public health , member states should enjoy a margin of discretion to decide on the degree of protection which they wish to afford in these areas and on the way in which that protection is to be achieved . it is also necessary to clarify that among the overriding reasons of general interest , recognised by the court of justice , are preserving the financial equilibrium of the social security system ; the protection of consumers , recipients of services and workers ; the safeguarding of the proper administration of justice ; fairness of trade transactions ; combating fraud and prevention of tax evasion and avoidance ; road safety ; the protection of the environment and the urban environment ; the health of animals ; intellectual property ; the safeguarding and conservation of the national historic and artistic heritage , social policy objectives and cultural policy objectives . according to settled case - law , purely economic reasons , having essentially protectionist aims , as well as purely administrative reasons , such as carrying out controls or gathering statistics cannot constitute an overriding reason of general interest .


### the economic impact of the measure , including a cost - benefit analysis with particular regard to the degree of competition in the market and the quality of the service provided , as well as the impact on the right to work and on the free movement of persons and services within the union should be duly taken into account by the competent authorities . based on this analysis , member states should ascertain , in particular , whether the extent of the restriction of access to or pursuit of regulated professions within the union is proportionate to the importance of the objectives pursued and the expected gains . ### the economic impact of the measure , including a cost - benefit analysis with particular regard to the degree of competition in the market , the quality of the service provided and the protection of consumers , as well as the impact on the right to work and on the free movement of persons and services within the union , should be considered by the competent authorities . based on this analysis , member states should ascertain , in particular , whether the extent of the restriction of access to or pursuit of regulated professions within the union is proportionate to the importance of the objectives pursued and the expected gains .


### since the objectives of this directive , namely the removal of disproportionate restrictions on access to or pursuit of regulated professions cannot be sufficiently achieved by the member states but can rather , by reason of the scale of the action , be better achieved at union level , the union may adopt measures , in accordance with the principle of subsidiarity as set out in article 5 of the treaty on european union . in accordance with the principle of proportionality , as set out in that article , this directive does not go beyond what is necessary in order to achieve those objectives , ### since the objectives of this directive , namely to improve the proportionality , and compliance with public interest objectives , of restrictions on access to or pursuit of regulated professions , cannot be sufficiently achieved by the member states but can rather , by reason of the scale of the action , be better achieved at union level , the union may adopt measures , in accordance with the principle of subsidiarity as set out in article 5 of the treaty on european union . in accordance with the principle of proportionality , as set out in that article , this directive does not go beyond what is necessary in order to achieve those objectives ,


### this directive lays down rules on a common framework for conducting proportionality assessments before introducing new legislative , regulatory or administrative provisions restricting access to or pursuit of regulated professions , or amending existing ones , with a view to ensuring the proper functioning of the internal market . ### this directive lays down rules on a common framework for conducting proportionality assessments before introducing new legislative , regulatory or administrative provisions restricting or broadening access to or pursuit of regulated professions , or amending existing ones , with a view to ensuring the proper functioning of the internal market .


### this directive shall apply to requirements under the legal systems of the member states restricting access to a regulated profession or its pursuit , or one of its modes of pursuit , including the use of professional titles and the professional activities allowed under such title , falling within the scope of directive 2005 / 36 / ec . ### this directive shall apply to measures under the legal systems of the member states restricting or broadening access to a regulated profession or its pursuit , or one of its modes of pursuit , including the use of professional titles and the professional activities allowed under such title , falling within the scope of directive 2005 / 36 / ec .


### member states shall ensure that before introducing new legislative , regulatory or administrative provisions restricting access to or pursuit of regulated professions , or amending existing ones , the relevant competent authorities undertake an assessment oftheir proportionalityin accordance with the rules laid down in this directive . ### member states shall ensure that before introducing new legislative , regulatory or administrative provisions restricting or broadening access to or pursuit of regulated professions , or amending existing ones , the relevant competent authorities undertake an assessment of whether these measures are proportionate and in the public interest in accordance with the rules laid down in this directive .


### the reasons for considering that a provision is justified , necessary and proportionate shall be substantiated by qualitative and , wherever possible , quantitative evidence . ### the reasons for considering that a provision is justified , necessary , proportionate and in the public interest shall be substantiated by qualitative and , wherever possible , quantitative evidence .


### member states shall ensure that legislative , regulatory or administrative provisions restricting access to or pursuit of regulated professions they intend to introduce and amendments they intend to make to existing provisions are justified by public interest objectives . ### member states shall ensure that legislative , regulatory or administrative provisions restricting or broadening access to or pursuit of regulated professions they intend to introduce and amendments they intend to make to existing provisions are justified by public interest objectives .


### proportionality ### proportionality and public interest


### when assessing the necessity and the proportionality of the provisions , the relevant competent authorities shall consider in particular : ### when assessing the necessity and the proportionality of the provisions , the relevant competent authorities may consider in particular :


### member states shall , by appropriate means , inform citizens , service recipients , representative associations and relevant stakeholders other than the members of the profession before introducing new legislative , regulatory or administrative provisions restricting access to or pursuit of regulated professions , or amending existing ones , and give them the opportunity to make known their views . ### the union shall , by appropriate means , inform citizens , professionals , consumers and other relevant stakeholders before introducing new legislative , regulatory or administrative provisions restricting or broadening access to or pursuit of regulated professions , or amending existing ones , and give them the opportunity to make known their views .


### flexible rules should be established to allow member states to optimise the sharing of resources and to increase consular coverage . cooperation among member states could take any form suited to local circumstances in order to increase geographical consular coverage , reduce member states ' costs , increase the visibility of the union and improve the service offered to visa applicants . ### flexible rules should be established to allow member states to optimise the sharing of resources and to increase consular coverage . cooperation among member states could take any form suited to local circumstances in order to increase geographical consular coverage , reduce member states ' costs and improve the service offered to visa applicants .


### member states may require applicants to present a proof of sponsorship and private accommodation or both by completing a form drawn up by each member state . that form shall indicate in particular : ### member states shall require applicants to present a proof of sponsorship and private accommodation or both by completing a form drawn up by each member state . that form shall indicate in particular :


### 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 climate target and 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 .


### whereas the level of overall investment in the union is increasing , investment in higher - risk activities such as research and innovation is still inadequate . the resulting underinvestment in research and innovation is damaging to the industrial and economic competitiveness of the union and the quality of life of its citizens . the investeu fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders , in particular to allow the upscaling of and deployment of solutions at a commercial scale in the union , in order to make such solutions competitive on world markets . ### whereas the level of overall investment in the union is increasing , investment in higher - risk activities such as research and innovation is still inadequate . given the public funding of research and innovation activities drives productivity growth and is crucial to boost private research and innovation activities , the resulting underinvestment in research and innovation is damaging to the industrial and economic competitiveness of the union and the quality of life of its citizens . the investeu fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders , in particular to allow the upscaling of and deployment of solutions at a commercial scale in the union , in order to make such solutions competitive on world markets . in order to address the need to support investment in higher - risk activities such as research and innovation , it is essential that horizon europe , in particular the eic , works in synergy with the financial products to be deployed under investeu . additionally , innovative smes and start - ups face difficulties in access to finance , especially those focusing on intangible assets , hence the need for the eic to work in close complementarity with the dedicated financial products under investeu to ensure a continuity of support for such smes . in that regard , the experience gained from the financial instruments deployed under horizon 2020 such as innovfin and the loan guarantee for smes under cosme should serve as a strong basis to deliver this targeted support .


### 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 represent over 99 % of businesses in the union and their economic value is crucial . 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 , innovation and development , ensure their competitiveness , 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 . programmes such as cosme have been important for smes by facilitating access to finance in all phases of their lifecycle . efsi has a significant impact on smes as well . the investeu fund should therefore build on these successes and provide an opportunity to focus on specific , more targeted financial products .


### 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 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 . it must , however , be pointed out that social policy is a member state competence . the subsidiarity principle requires that member states should ultimately be left to decide what social policy to use on their territory . _________________ 16 com 206 . 17 com 250 . 18 published as european economy discussion paper 074 in january 2018 .


### in order to ensure that interventions under the eu compartment of the investeu fund focus on market failures and sub - optimal investment situations at union level , but , at the same time , satisfy the objectives of best possible geographic outreach , the eu guarantee should be allocated to implementing partners , which alone or together with other implementing partners , can cover at least three member states . however , it is expected that around 75 % of the eu guarantee under the eu compartment would be allocated to implementing partner or partners that can offer financial products under the investeu fund in all member states . ### in order to ensure that interventions under the eu compartment of the investeu fund focus on market failures and sub - optimal investment situations at union level , but , at the same time , satisfy the objectives of best possible geographic outreach , the eu guarantee should be allocated to implementing partners , which alone or together with other implementing partners , can cover at least three member states . however , 75 % of the eu guarantee under the eu compartment would be allocated to the european investment bank .


### the eu guarantee under the member state compartment should be allocated to any implementing partner eligible according to [ article 62 ] of the [ financial regulation ] , including national or regional promotional banks or institutions , the eib , the european investment fund and other multilateral development banks . when selecting implementing partners under the member state compartment , the commission should take into account the proposals made by each member state . in accordance with [ article 154 ] of the [ financial regulation ] , the commission must carry out an assessment of the rules and procedures of the implementing partner to ascertain that they provide a level of protection of the financial interest of the union equivalent to the one provided by the commission . ### the eu guarantee under the member state compartment should be allocated to any implementing partner eligible according to [ article 62 ] of the [ financial regulation ] , including national or regional promotional banks or institutions , the eib group and other multilateral development banks . where the deployment of the member state compartment is to target policy actions already addressed by the eu compartment through similar financing and investment operations , the member state compartment and the eu compartments shall have the same implementing partners . when selecting implementing partners under the member state compartment , the commission should take into account the proposals made by each member state . in accordance with [ article 154 ] of the [ financial regulation ] , the commission must carry out an assessment of the rules and procedures of the implementing partner to ascertain that they provide a level of protection of the financial interest of the union equivalent to the one provided by the commission .


### the eu guarantee for the purposes of the eu compartment referred to in point of article 8 shall be eur 38 000 000 000 . it shall be provisioned at the rate of 40 % . ### the eu guarantee for the purposes of the eu compartment referred to in point of article 8 shall be eur 38 000 000 000 , of which at least eur 28 500 000 000 shall be allocated to the eib . it shall be provisioned at the rate of 40 % .


### research , innovation and digitisation policy window : comprises research and innovation activities , transfer of research results to the market , demonstration and deployment of innovative solutions and support to scaling up of innovative companies other than smes as well as digitisation of union industry ; ### research , innovation and digitisation policy window : comprises research and innovation activities , transfer of research results to the market , demonstration , and deployment and adaption of innovative solutions and support to scaling up of innovative companies as well as digitisation of union industry , based on the experiences gained under the horizon 2020 financial instruments , in particular the innovfin ;


### social investment and skills policy window : comprises microfinance , social enterprise finance and social economy ; skills , education , training and related services ; social infrastructure ; social innovation ; health and long - term care ; inclusion and accessibility ; cultural activities with a social goal ; integration of vulnerable people , including third country nationals . ### social investment and skills policy window : comprises microfinance , social enterprise finance and social economy ; skills , education , training and related services ; social infrastructure ; social innovation ; health and long - term care ; inclusion and accessibility ; cultural activities with a social goal ; integration of vulnerable people .


### if the level of provisions for that part of the eu guarantee under the member state compartment reaches 10 % of the initial provisioning , the member state concerned shall provide to the common provisioning fund up to 5 % of the initial provisioning upon request by the commission . ### if the level of provisions for that part of the eu guarantee under the member state compartment reaches 10 % of the initial provisioning , the member state or region concerned shall provide to the common provisioning fund up to 5 % of the initial provisioning upon request by the commission ;


### comply with the conditions set out in [ points to of article 209 ] of [ the financial regulation ] , in particular with the additionality requirement set out in [ point of article 209 ] of [ the financial regulation ] and , where appropriate , maximising private investment in accordance with [ point of article 209 ] of the [ financial regulation ] ; ### comply with the conditions set out in [ pointsto of article 209 ] of [ the financial regulation ] , in particular by achieving additionality by preventing the replacement of potential support and investment from other public or market sources as set out in [ point of article 209 ] of [ the financial regulation ] , achieving a leverage and multiplier effect by mobilising a global investment exceeding the size of the union guarantee and , where appropriate , maximising private investment in accordance with [ point of article 209 ] of the [ financial regulation ] ;


### the commission shall be advised by an advisory board which shall have two configurations , namely representatives of implementing partners and representatives of member states . ### the steering&#160 ; committee shall be advised by an advisory board which shall have two&#160 ; configurations , namely representatives of implementing partners and&#160 ; representatives of member states .


### the performance reporting system shall ensure that data for monitoring implementation and results are collected efficiently , effectively and in a timely manner . to that end , proportionate reporting requirements shall be imposed on implementing partners and other recipients of union funds , as appropriate . ### the performance reporting system shall ensure that data for monitoring implementation and results are collected efficiently , effectively and in a timely manner . to that end , proportionate reporting requirements shall be imposed on implementing partners and other recipients of union funds , as appropriate . the reporting systems shall provide a clear mapping of the policy windows detailed in the eligible areas for financing and investment operations as laid down in annex ii .


### expansion of the generation , supply or use of clean and sustainable renewable energy ; ### expansion of the generation and accelerating the deployment , supply or use of clean and sustainable renewable energy ;


### development , smartening and modernisation of sustainable energy infrastructure ; ### development , smartening and modernisation of sustainable energy infrastructure , and increasing the level of electricity interconnection between member states ;


### as markets for parcel delivery services are changing fast , the commission should re - assess the efficiency and effectiveness of this regulation and submit a regular report to the european parliament and the council . that report should be accompanied , where appropriate , by proposals for review to the european parliament and the council . ### as markets for parcel delivery services are changing fast , the commission should re - assess the efficiency and effectiveness of this regulation and submit an annual report to the european parliament , the council and the national regulatory authorities . that report should be accompanied , where appropriate , by proposals for review to the european parliament and the council .


### the access shall be operationally ensured within a reasonable period of time , not exceeding three months from the conclusion of the contract . ### the access shall be operationally ensured within a reasonable period of time , not exceeding six months from the conclusion of the contract .


### the power to adopt delegated acts referred to in article 29 shall be conferred on the commission for an indeterminate period of time from [ date of entry into force of this decision ] . ### the power to adopt delegated acts referred to in article 29 shall be conferred on the commission for an indeterminate period of time from [ date of entry into force of this decision ] , unless this power is revoked by the european parliament or the council under article 29a .


### in the context of the europe 2020 strategy21 and the strengthening of economic governance , social indicators play an essential role in informing and supporting the union ' s key priorities for growth and job creation , the reduction of poverty and social exclusion , skills , mobility and the digital economy . in particular , social indicators must provide a sound statistical basis for developing and monitoring the policies introduced by the union to address those priorities . __________________ 21 communication from the commission - europe 2020 a strategy for smart , sustainable and inclusive growth com 2020 of 3 march 2010 . ### social indicators must provide clear , robust and comparable data on growth and job creation , the reduction of poverty and social exclusion , skills , mobility and the digital economy , thus providing a sound statistical basis for developing , monitoring and assessing the policies introduced by the union and union investment . all action taken by the commission in this area must keep the regulatory and administrative burden on member states to a minimum , must be in keeping with the subsidiarity principle and with efficiency and value - for - money criteria , must be the subject of transparent parliamentary scrutiny and must ensure that the privacy of data subjects is fully respected . __________________


### the developments described above need to be gradually streamlined , and statistical legislation in the area of social statistics needs to be modernised , in order to ensure that the high quality social indicators are produced in a more integrated , flexible and efficient manner . at the same time , due consideration must be given to the needs of users , to the burden placed on respondents , to member states resources , the reliability and accuracy of the methods used , technical feasibility of producing the statistics , the time within which they can be available and the reliability of the results . ### the developments described above need to be gradually streamlined , and statistical legislation in the area of social statistics needs to be modernised , in order to ensure that robust , comparable , high quality social indicators are produced in a more integrated manner and as cheaply as possible . at the same time , due consideration must be given to the needs of users , to the burden placed on respondents , to respondents’ privacy , to data protection procedures , to the member state resources required and to the reliability and accuracy of the methods used , the technical feasibility of producing the statistics , the time within which they can be available and the reliability of the results .


### for the achievement of the cfp objectives , a number of conservation measures such as multi - annual plans , technical measures and the setting and allocation of fishing opportunities , should be adopted . ### for the achievement of the cfp objectives , a number of conservation measures such as multi - annual plans , technical measures and the setting and allocation of fishing opportunities , should be adopted . however , we will not be able to restore fish stocks if we fail to reduce the growing impact of pollution , which comes mostly from land - based sources , but also from maritime activities .


### pursuant to articles 9 and 10 of regulation no 1380 / 2013 , multi - annual plans are to be based on scientific , technical and economic advice . in accordance with those provisions , the multi - annual plan provided for in this regulation should contain objectives , quantifiable targets with clear timeframes , conservation reference points , safeguards and technical measures designed to avoid and reduce unwanted catches . ### pursuant to articles 9 and 10 of regulation no 1380 / 2013 , multi - annual plans are to be based on scientific , technical and economic advice . in accordance with those provisions , the multi - annual plan provided for in this regulation should contain objectives , quantifiable targets with clear timeframes , conservation reference points , safeguards and technical measures designed to avoid and reduce unwanted catches . the same robust approach will , of course , be taken to the reduction of pollution from land - based sources or maritime activities , which makes fish stocks acutely vulnerable .


### appropriate safeguards should be put in place to ensure that the targets are met and to trigger remedial measures where needed , amongst others where stocks fall below the conservation reference points . remedial measures should include emergency measures in accordance with articles 12 and 13 of regulation no 1380 / 2013 , fishing opportunities and other specific conservation measures . ### appropriate safeguards should be put in place to ensure that the targets are met and to trigger remedial measures where needed , amongst others where stocks fall below the conservation reference points . remedial measures should include emergency measures in accordance with articles 12 and 13 of regulation no 1380 / 2013 , fishing opportunities and other specific conservation measures , but also financial aid for fishermen directly affected by those measures .


### where scientific advice shows that recreational fisheries have a significant impact on the fishing mortality of the stocks concerned , the council should take them into account . to that effect , the council may set fishing opportunities through the effort regime for commercial catches which takes into account the volume of recreational catches and / or to adopt other measures restricting recreational fisheries . ### where scientific advice shows that recreational fisheries have a significant impact on the fishing mortality of the stocks concerned , the council should take them into account . to that effect , the council may set fishing opportunities through the effort regime for commercial catches which takes into account the volume of recreational catches and / or to adopt other measures restricting recreational fisheries . in any event , to give the mechanism a degree of flexibility , fishing opportunities set for recreational fishermen should cover periods no less than one month long .


### further conservation measures should be taken as regards demersal stocks . in particular , in accordance with the scientific advice , it is appropriate to have additional closures in areas with high aggregations of spawning individuals in order to protect a severely harmed adult stage of hake . ### further conservation measures should be taken as regards demersal stocks . in particular , in accordance with the scientific advice , it is appropriate to have additional closures in areas with high aggregations of spawning individuals in order to protect a severely harmed adult stage of hake , without prejudice to fair compensation for fishermen affected by those closures .


### the precautionary approach should apply for by - catch stocks and for demersal stocks for which sufficient data are not available . specific conservation measures should be adopted in accordance with article 18 of regulation no 1380 / 2013 where the scientific advice shows that remedial measures are needed . ### the precautionary approach should apply for by - catch stocks and for demersal stocks for which sufficient data are not available . specific conservation measures should be adopted in accordance with article 18 of regulation no 1380 / 2013 where the scientific advice shows that remedial measures are needed , provided that fishermen affected by those measures are given fair compensation .


### where the scientific advice shows that the spawning biomass of any of the stocks concerned is below the precautionary reference point , remedial measures shall be adopted to ensure the rapid return of the stocks concerned to levels above those capable of producing msy . in particular , by way of derogation from article 4 and , fishing opportunities shall be set at levels consistent with a fishing mortality that is reduced within the range of fmsy for the most vulnerable stock , taking into account the decrease in biomass . ### where the scientific advice shows that the spawning biomass of any of the stocks concerned is below the precautionary reference point , remedial measures shall be adopted to ensure the rapid return of the stocks concerned to levels above those capable of producing msy . in particular , by way of derogation from article 4 and , fishing opportunities shall be set at levels consistent with a fishing mortality that is reduced within the range of fmsy for the most vulnerable stock , taking into account the decrease in biomass , provided that fishermen affected by those measures are given fair compensation .


### the choice of measures referred to in this article shall be appropriate with the nature , gravity , duration and repetition of the situation where the spawning stock biomass is below the levels referred to in article 5 . ### the choice of measures referred to in this article shall be appropriate with the nature , gravity , duration and repetition of the situation where the spawning stock biomass is below the levels referred to in article 5 , and those measures shall be conditional upon fishermen affected by their application receiving fair compensation .


### each year , in accordance with the scientific advice , the council shall set a maximum allowable fishing effort for each effort group by member state . ### each year , in accordance with the scientific advice , the council shall set a maximum allowable fishing effort for each effort group by member state . the council shall seek to avoid excessive variations from one year to the next , as such variations would be liable to reduce the benefits to the industry of the multi - annual nature of the plan .


### distribute national quotas fairly among fleet segments , giving consideration to traditional and artisanal fisheries ; and ### distribute national quotas fairly among fleet segments , giving consideration to traditional and artisanal fisheries with more selective fishing gear ; and


### 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 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 , provided that fishermen affected by those fishing bans receive fair compensation .


### young people should be provided with easily accessible opportunities to engage in solidarity activities , which could enable them to express their commitment to the benefit of communities while acquiring useful experience , skills and competences for their personal , educational , social , civic and professional development , thereby improving their employability . those activities would also support the mobility of young volunteers , trainees and workers . ### young people should be provided with easily accessible opportunities to engage in solidarity activities , which could enable them to express their commitment to the benefit of communities while acquiring useful experience , skills and competences for their personal , educational , social , civic and professional development , thereby improving their employability . those activities would also support any travel necessary for young volunteers , trainees and workers .


### 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 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 gradually be abandoned . 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 until they have been completed under regulation no 1288 / 2013 should 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 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 within their communities . 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 .


### where the agency considers that it can effectively exercise the responsibilities for the certification , oversight and enforcement , as requested , in compliance with this regulation and the delegated acts adopted on the basis thereof , it shall establish , jointly with the member state or member states concerned , as applicable , a transition plan that ensures an orderly transfer of those responsibilities . the organisations that requested the transfer shall be consulted on this transition plan before it is finalised . ### where the agency considers that it can effectively exercise the responsibilities for the certification , oversight and enforcement , as requested , in compliance with this regulation and the delegated acts adopted on the basis thereof , using the resources available , it shall establish , jointly with the member state or member states concerned , as applicable , a transition plan that ensures an orderly transfer of those responsibilities . the organisations that requested the transfer shall be consulted on this transition plan before it is finalised , as shall groups of relevant stakeholders .


### a delegated act adopted pursuant to article 2 , article 18 , article 25 , article 28 , article 34 , article 39 , article 44 , article 47 , article 50 , article 51 , article 52 , article 72 and article 115 shall enter into force only if no objection has been expressed either by the european parliament or the council within a period of two months of notification of that act to the european parliament and the council or if , before the expiry of that period , the european parliament and the council have both informed the commission that they will not object . that period shall be extended by two months at the initiative of the european parliament or the council . ### a delegated act adopted pursuant to article 2 , article 18 , article 25 , article 28 , article 34 , article 39 , article 44 , article 47 , article 50 , article 51 , article 52 , article 72 and article 115 shall enter into force only if no objection has been expressed either by the european parliament or the council within a period of four months of notification of that act to the european parliament and the council or if , before the expiry of that period , the european parliament and the council have both informed the commission that they will not object . that period shall be extended by two months at the initiative of the european parliament or the council .


### with a view to ensuring that the amounts for the financing of the cap comply with the annual ceilings , the financial discipline mechanism by which the level of direct support is adjusted , should be maintained . however , the threshold of eur 2000 should be abolished . an agricultural reserve should be maintained to support the agricultural sector in the event of market developments or major crises affecting the agricultural production or distribution . article 12 of regulation [ new financial regulation ] foresees that non - committed appropriations may be carried over to to the following financial year only . in order to significantly simplify the implementation for beneficiaries and national administrations , a roll - over mechanism should be used , using any unused amounts of the reserve for crises in the agricultural sector established in 2020 . for this purpose a derogation from article 12 is necessary , allowing for non - committed appropriations of the agricultural reserve to be carried over without time limitation to finance the agricultural reserve in the following financial year . furthermore , as regards the financial year 2020 , a second derogation is necessary as the total unused amount of the reserve available at the end of year 2020 should be carried over to the year 2021 to the corresponding line of the new agricultural reserve without being returned to the budgetary lines which cover direct payment interventions under the cap strategic plan . ### with a view to ensuring that the amounts for the financing of the cap comply with the annual ceilings , the financial discipline mechanism by which the level of direct support is adjusted , should be maintained . however , the threshold of eur 2000 should be abolished . an agricultural reserve should be maintained to support the agricultural sector in the event of market developments or major crises affecting the agricultural production or distribution . article 12 of regulation [ new financial regulation ] foresees that non - committed appropriations may be carried over to to the following financial year only . in order to significantly simplify the implementation for beneficiaries and national administrations , a roll - over mechanism should be used , using any unused amounts of the reserve for crises in the agricultural sector established in 2020 . for this purpose a derogation from article 12 is necessary , allowing for non - committed appropriations of the agricultural reserve to be carried over without time limitation to finance the agricultural reserve in the following financial year .


### in order to provide the commission with , in particular , the means to manage agricultural markets , to facilitate the monitoring of agricultural expenditure and to monitor agricultural resources in the medium and long term , the use of the agro - meteorological system and the acquisition and improvement of satellite data should be provided for . ### in order to provide the commission with , in particular , the means to manage agricultural markets , to facilitate the monitoring of agricultural expenditure , to monitor agricultural resources in the medium and long term and to assess the situation and provide prompt assistance in response to natural disasters , the use of the agro - meteorological system and the acquisition and improvement of satellite data should be provided for .


### a severe natural disaster gravely affecting the holding ; ### a natural disaster gravely affecting the holding ;


### member states shall ensure a level of checks needed for an effective management of the risks . ### member states shall ensure a proportionate level of checks needed for an effective management of the risks .


### it is appropriate to establish the target fishing mortality that corresponds to the objective of reaching and maintaining msy as ranges of values which are consistent with achieving msy . those ranges , based on best available scientific advice , are necessary in order to provide flexibility to take account of developments in the scientific advice , to contribute to the implementation of the landing obligation and to take into account the characteristics of mixed fisheries . the ranges should be calculated by the international council for the exploration of the sea , in particular in its periodic catch advice . based on this plan they are derived to deliver no more than a 5% reduction in long - term yield compared to msy24 . the upper limit of the range is capped , so that the probability of the stock falling below blim is no more than 5% . that upper limit also conforms to the ices ' advice rule ' , which indicates that when the spawning biomass or abundance is in a poor state , f be reduced to a value that does not exceed an upper limit equal to the fmsy point value multiplied by the spawning biomass or abundance in the total allowable catch year divided by msy btrigger . ices uses these considerations and the advice rule in its provision of scientific advice on fishing mortality and catch options . _________________ 24 eu request to ices to provide fmsy ranges for selected stocks in ices subareas 5 to 10 ### it is appropriate to establish the target fishing mortality that corresponds to the objective of reaching and maintaining msy as ranges of values which are consistent with achieving msy . those ranges , based on best available scientific advice , are necessary in order to provide flexibility to take account of developments in the scientific advice and to take into account the characteristics of mixed fisheries . the ranges should be calculated by the international council for the exploration of the sea , in particular in its periodic catch advice . based on this plan they are derived to deliver no more than a 5% reduction in long - term yield compared to msy24 . the upper limit of the range is capped , so that the probability of the stock falling below blim is no more than 5% . that upper limit also conforms to the ices ' advice rule ' , which indicates that when the spawning biomass or abundance is in a poor state , f be reduced to a value that does not exceed an upper limit equal to the fmsy point value multiplied by the spawning biomass or abundance in the total allowable catch year divided by msy btrigger . ices uses these considerations and the advice rule in its provision of scientific advice on fishing mortality and catch options . _________________ 24 eu request to ices to provide fmsy ranges for selected stocks in ices subareas 5 to 10


### since the cap needs to sharpen its responses to the challenges and opportunities as they manifest themselves at union , international , national , regional , local and farm levels , it is necessary to streamline the governance of the cap and improve its delivery on the union objectives and to significantly decrease the administrative burden . in the cap based on delivery of performance , the union should set the basic policy parameters , such as objectives of the cap and basic requirements , while member states should bear greater responsibility as to how they meet the objectives and achieve targets . enhanced subsidiarity makes it possible to better take into account local conditions and needs , tailoring the support to maximise the contribution to union objectives . ### since the cap needs to sharpen its responses to the challenges and opportunities as they manifest themselves at union , international , national , regional , local and farm levels , it is necessary to streamline the governance of the cap and improve its delivery on the union objectives and to significantly decrease the administrative burden . in the cap based on delivery of performance , the union should set the basic policy parameters , such as objectives of the cap and basic requirements , while member states could be asked to bear greater responsibility as to how they meet the objectives and achieve targets . enhanced subsidiarity makes it possible to better take into account local conditions and needs , tailoring the support to maximise the contribution to union objectives .


### in order to give substance to the objectives of the cap as established by article 39 of the treaty on the functioning of the european union , as well as to ensure that the union adequately addresses its most recent challenges , it is appropriate to provide for a set of general objectives reflecting the orientations given in the communication on ‘ the future of food and farming’ . a set of specific objectives should be further defined at union level and applied by the member states in their cap strategic plans . while striking a balance across the dimensions of sustainable development , in line with the impact assessment , these specific objectives should translate the general objectives of the cap into more concrete priorities and take into account relevant union legislation , particularly with regard to climate , energy and environment . ### in order to give substance to the objectives of the cap as established by article 39 of the treaty on the functioning of the european union , as well as to ensure that the union adequately addresses its most recent challenges , in particular the increasing risk to human health from pesticides , it is appropriate to provide for a set of general objectives reflecting the orientations given in the communication on ‘ the future of food and farming’ . a set of specific objectives should be further defined at union level and applied by the member states in their cap strategic plans . while striking a balance across the dimensions of sustainable development , in line with the impact assessment , these specific objectives should translate the general objectives of the cap into more concrete priorities and take into account relevant union legislation , particularly with regard to climate , energy and environment .


### a smarter , modernised and more sustainable cap needs to embrace research and innovation , in order to serve the multi - functionality of union agriculture , forestry and food systems , investing in technological development and digitalisation , as well as improving the access to impartial , sound , relevant and new knowledge . ### a smarter , modernised and more sustainable cap needs to embrace research and innovation , in order to be able to produce healthier food , achieve pesticide - free farming and serve the multi - functionality of union agriculture , forestry and food systems , investing in technological development and digitalisation , as well as improving the access to impartial , sound , relevant and new knowledge .


### the cap should keep ensuring food security , which should be understood as meaning access to sufficient , safe and nutritious food at all times . moreover , it should help improving the response of union agriculture to new societal demands on food and health , including sustainable agricultural production , healthier nutrition , food waste and animal welfare . the cap should continue to promote production with specific and valuable characteristics , while at the same time helping farmers to proactively adjust their production according to market signals and consumers’ demands . ### the cap should keep ensuring food security , which should be understood as meaning access to sufficient , healthy , safe and nutritious food at all times . moreover , it should help improving the response of union agriculture to new societal demands on food and health , including sustainable agricultural production , the rejection of food containing pesticides , healthier nutrition , food waste and animal welfare . the cap should continue to promote production with specific and valuable characteristics , while at the same time helping farmers to proactively adjust their production according to market signals and consumers’ demands .


### building on the previous system of cross - compliance implemented until 2020 , the system of new conditionality links full receipt of cap support to the compliance by beneficiaries of basic standards concerning the environment , climate change , public health , animal health , plant health and animal welfare . the basic standards encompass in a streamlined form a list of statutory management requirements and standards of good agricultural and environmental conditions of land . these basic standards should better take into account the environmental and climate challenges and the new environmental architecture of the cap , thus delivering a higher level of environmental and climate ambition as the commission announced in its communications on the ‘ future of food and farming’ and the multiannual financial framework . conditionality aims to contribute to the development of sustainable agriculture through better awareness on the part of beneficiaries of the need to respect those basic standards . it also aims to make the cap more compatible with the expectations of society through improving consistency of the policy with the environment , public health , animal health , plant health and animal welfare objectives . conditionality should form an integral part of the environmental architecture of the cap , as part of the baseline for more ambitious environmental and climate commitments , and should be comprehensively applied across the union . for those farmers who do not comply with those requirements , member states should ensure that proportionate , effective and dissuasive penalties are applied in accordance with [ the hzr regulation ] . ### building on the previous system of cross - compliance implemented until 2020 , the system of new conditionality links full receipt of cap support to the compliance by beneficiaries of basic standards concerning the environment , climate change , public health , animal health , plant health and animal welfare . it should be made clear that the basic environmental or public health standards must include the objective of zero pesticides wherever possible . the basic standards encompass in a streamlined form a list of statutory management requirements and standards of good agricultural and environmental conditions of land . these basic standards should better take into account the environmental and climate challenges and the new environmental architecture of the cap , thus delivering a higher level of environmental and climate ambition as the commission announced in its communications on the ‘ future of food and farming’ and the multiannual financial framework . conditionality aims to contribute to the development of sustainable agriculture through better awareness on the part of beneficiaries of the need to respect those basic standards . it also aims to make the cap more compatible with the expectations of society through improving consistency of the policy with the environment , public health , animal health , plant health and animal welfare objectives . conditionality should form an integral part of the environmental architecture of the cap , as part of the baseline for more ambitious environmental and climate commitments , and should be comprehensively applied across the union . for those farmers who do not comply with those requirements , member states should ensure that proportionate , effective and dissuasive penalties are applied in accordance with [ the hzr regulation ] .


### member states should set farm advisory services for the purpose of improving the sustainable management and overall performance of agricultural holdings and rural businesses , covering economic , environmental and social dimensions , and to identify the necessary improvements as regards all measures at farm level provided for in the cap strategic plans . these farm advisory services should help farmers and other beneficiaries of cap support to become more aware of the relationship between farm management and land management on the one hand , and certain standards , requirements and information , including environmental and climate ones , on the other hand . the list of the latter includes standards applying to or necessary for farmers and other cap beneficiaries and set in the cap strategic plan , as well as those stemming from the legislation on water , on the sustainable use of pesticides , as well as the initiatives to combat antimicrobial resistance and the management of risks . in order to enhance the quality and effectiveness of the advice , member states should integrate advisors within the agricultural knowledge and innovation systems , in order to be able to deliver up - to - date technological and scientific information developed by research and innovation . ### member states shall be asked to establish farm advisory services for the purpose of improving the sustainable management and overall performance of agricultural holdings and rural businesses , covering economic , environmental and social dimensions , and to identify the necessary improvements as regards all measures at farm level provided for in the cap strategic plans . these farm advisory services should help farmers and other beneficiaries of cap support to become more aware of the relationship between farm management and land management on the one hand , and certain standards , requirements and information , including environmental and climate ones , on the other hand . the list of the latter includes standards applying to or necessary for farmers and other cap beneficiaries and set in the cap strategic plan , as well as those stemming from the legislation on water , on the sustainable use of pesticides , as well as the initiatives to combat antimicrobial resistance and the management of risks . in order to enhance the quality and effectiveness of the advice , member states should integrate advisors within the agricultural knowledge and innovation systems , in order to be able to deliver up - to - date technological and scientific information developed by research and innovation .


### the objectives of the cap should also be pursued through support for investments , productive as well as non - productive , on farm as well as off - farm . such investments may concern , inter alia , infrastructures related to the development , modernisation or adaptation to climate change of agriculture and forestry , including access to farm and forest land , land consolidation and improvement , agro - forestry practices and the supply and saving of energy and water . in order to better ensure the consistency of the cap strategic plans with union objectives , as well as a level playing field between member states , a negative list of investment topics is included in this regulation . ### the objectives of the cap should also be pursued through support for investments , productive as well as non - productive , on farm as well as off - farm . such investments may concern , inter alia , infrastructures related to the development , modernisation or adaptation to climate change of agriculture and forestry , or the gradual abandoning of pesticides , including access to farm and forest land , land consolidation and improvement , agro - forestry practices and the supply and saving of energy and water . in order to better ensure the consistency of the cap strategic plans with union objectives , as well as a level playing field between member states , a negative list of investment topics is included in this regulation .


### any reallocation from the performance reserve should be subject to the fulfilment of commitments with respect to implementing reforms identified in the european semester process . priority should be given for the implementation of structural reforms which are expected to contribute most to the resilience of domestic economies and have positive spill - over effects on other member states . these include reforms in product and labour markets , tax reforms , the development of capital markets , reforms to improve the business environment as well as investment in human capital and public administration reforms . ### reallocation from the performance reserve must not be subject to the fulfilment of commitments with respect to implementing reforms identified in the european semester process .


### provision should be made for eurojust to post liaison magistrates to third countries in order to achieve objectives similar to those assigned to liaison magistrates seconded by the member states on the basis of council joint action 96 / 277 / jha of 22 april 1996 concerning a framework for the exchange of liaison magistrates to improve judicial cooperation between the member states of the european union14 . _________________ 14 oj l 105 , 27 . 4 . 1996 , p . 1 . ### provision must be made for eurojust to post liaison magistrates to third countries in order to achieve objectives similar to those assigned to liaison magistrates seconded by the member states on the basis of council joint action 96 / 277 / jha of 22 april 1996 concerning a framework for the exchange of liaison magistrates to improve judicial cooperation between the member states of the european union14 . _________________ 14 oj l 105 , 27 . 4 . 1996 , p . 1 .


### preparing an action plan following - up on the conclusions of the internal or external audit reports , evaluations and investigations , including those of the european data protection supervisor and olaf and reporting on progress twice a year to the executive board , the commission and the european data protection supervisor ; ### preparing an action plan following - up on the conclusions of the internal or external audit reports , evaluations and investigations , including those of the european data protection supervisor and reporting on progress twice a year to the executive board , the commission and the european data protection supervisor ;


### the extended efsi should address remaining market failures and sub - optimal investment situations and continue to mobilise private sector financing in investments crucial for europe’s future job creation – including for the youth – , growth and competitiveness with strengthened additionality . they include investments in the areas of energy , environment and climate action , social and human capital and related infrastructure , healthcare , research and innovation , cross - border and sustainable transport , as well as the digital transformation . in particular , the contribution of operations supported by the efsi to achieving the union ' s ambitious targets set at the paris climate conference should be reinforced . energy interconnection priority projects and energy efficiency projects should also be increasingly targeted . in addition , efsi support to motorways should be avoided , unless it is needed to support private investment in transport in cohesion countries or in cross - border transport projects involving at least one cohesion country . for reasons of clarity , although they are already eligible , it should be explicitly laid down that projects in the fields of agriculture , fishery and aquaculture come within the general objectives eligible for efsi support . ### the extended efsi should address remaining market failures and sub - optimal investment situations and continue to mobilise private sector financing in investments crucial for europe’s future job creation – including for the youth – , growth and competitiveness with strengthened additionality . they include investments in the areas of energy , the environment , social and human capital and related infrastructure , healthcare , research and innovation , as well as the digital transformation . energy interconnection priority projects and energy efficiency projects should also be increasingly targeted . for reasons of clarity , although they are already eligible , it should be explicitly laid down that projects in the fields of agriculture , fishery and aquaculture come within the general objectives eligible for efsi support .


### text proposed by the european central bank significant developments at both global and european level are expected to increase the risk that disturbances affecting clearing systems , in particular central counterparties , threaten the smooth operation of payment systems and implementation of the single monetary policy , ultimately affecting the eurosystem’s primary objective of maintaining price stability . ### significant developments at both global and european level are expected to increase the risk that disturbances affecting clearing systems , in particular central counterparties , threaten the smooth operation of payment systems and hence the financial stability of the euro area member states .


### text proposed by the european central bank in order to address these issues , on 13 june 2017 the commission presented its legislative proposal to ensure financial stability and the safety and soundness of ccps that are of systemic relevance for financial markets across the union . in order to ensure that the eurosystem as central bank of issue for the euro can carry out the role envisaged by the legislative proposal , it is of utmost importance that it has the relevant powers under the treaty and the statute of the escb . in particular , the eurosystem should have regulatory powers to adopt binding assessments and require remedial action , in close cooperation with other union authorities . moreover , where necessary to protect the stability of the euro , the ecb should also have the regulatory powers to adopt additional requirements for ccps involved in the clearing of significant amounts of euro - denominated transactions . ### in order to address these issues , on 13 june 2017 the commission presented its legislative proposal seeking to ensure financial stability and the safety and soundness of ccps that are of systemic relevance for financial markets across the union . in order to ensure that the european system of central banks can nevertheless carry out the role of lender of last resort to market infrastructures , it is of utmost importance that it has the relevant powers . in particular , the escb national central banks should each have regulatory powers to adopt binding assessments and require remedial action , in close cooperation with the other national central banks concerned . moreover , where necessary to protect the stability of the euro , the escb national central banks should also have the regulatory powers to adopt additional requirements for ccps involved in the clearing of significant amounts of euro - denominated transactions .


### text proposed by the european central bank article 22 of the statute of the escb is part of chapter iv ‘ monetary functions and operations of the escb’ . the tasks conferred therein should accordingly only be used for monetary policy purposes . ### article 22 of the statute of the escb is part of chapter iv ‘ monetary functions and operations of the escb’ . since the new tasks conferred therein will not be used only for monetary policy purposes , chapter iv should accordingly become ' functions performed by the escb ' .


### the esf + should aim to promote employment through active interventions enabling integration into the labour market , notably for youth , the long - term unemployed and the inactive , as well as through promoting self–employment and the social economy . the esf + should aim to improve the functioning of labour markets by supporting the modernisation of labour market institutions such as the public employment services in order to improve their capacity to provide intensified targeted counselling and guidance during the job search and the transition to employment and to enhance workers’ mobility . the esf + should promote women ' s participation in the labour market through measures aiming to ensure , amongst others , improved work / life balance and access to childcare . the esf + should also aim to provide a healthy and well - adapted working environment in order to respond to health risks related to changing forms of work and the needs of the ageing workforce . ### the esf + should aim to promote employment through active interventions enabling integration into the labour market , notably for youth , by ensuring a smoother transition from completing their studies to entering employment in a secure , high - quality job , the long - term unemployed and the inactive , as well as through promoting the creation of economically viable companies and , where appropriate , self - employment , in compliance with the legislation of the state concerned , and in line with the social economy . the esf + should aim to improve the functioning of labour markets by supporting the modernisation of labour market institutions such as the public employment services in order to improve their capacity to provide intensified targeted counselling and guidance during the job search and the transition to employment . the esf + should promote women ' s participation in the labour market through measures aiming to ensure , amongst others , improved work / life balance and access to childcare . the esf + should also aim to provide a healthy and well - adapted working environment in order to respond to health risks related to changing forms of work and the needs of the ageing workforce .


### support through the esf + should be used to promote equal access for all , in particular for disadvantaged groups , to quality , non - segregated and inclusive education and training , from early childhood education and care through general and vocational education and training and to tertiary level , as well as adult education and learning , thereby fostering permeability between education and training sectors , preventing early school leaving , improving health literacy , reinforcing links with non - formal and informal learning and facilitating learning mobility for all . synergies with the erasmus programme , notably to facilitate the participation of disadvantaged learners in learning mobility , should be supported within this context . ### support through the esf + should be used to promote equal access for all , in particular for citizens facing specific obstacles , namely disabled persons in particular , to quality , egalitarian , non - segregated and inclusive education and training , from early childhood education and care through general and vocational education and training and to tertiary level , as well as adult education and learning , thereby fostering permeability between education and training sectors , preventing early school leaving , improving health literacy , reinforcing links with non - formal and informal learning and facilitating learning mobility for all . synergies with the erasmus programme , notably to facilitate the participation of disabled persons and other european citizens facing objective barriers to learning mobility , should be supported within this context .


### the esf + should promote flexible upskilling and reskilling opportunities for all , notably digital skills and key enabling technologies , with a view to providing people with skills adjusted to digitalisation , technological change , innovation and social and economic change , facilitating career transitions , mobility and supporting in particular low - skilled and / or poorly qualified adults , in line with the skills agenda for europe . ### the esf + should promote flexible upskilling and reskilling or even professional retraining opportunities for all , notably , although not exclusively , in digital skills and key enabling technologies , as well as in all professions affected by skills shortages , with a view to providing people with skills adjusted to such developments as digitalisation , technological change , innovation and social and economic change , facilitating career transitions and supporting in particular low - skilled and / or poorly qualified adults , or those with qualifications not matching labour market demand , in line with the skills agenda for europe .


### the esf + should support member states’ efforts to tackle poverty with a view to breaking the cycle of disadvantage across generations and promote social inclusion by ensuring equal opportunities for all , tackling discrimination and addressing health inequalities . this implies mobilising a range of policies targeting the most disadvantaged people regardless of their age , including children , marginalised communities such as the roma , and the working poor . the esf + should promote the active inclusion of people far from the labour market with a view to ensuring their socio - economic integration . the esf + should be also used to enhance timely and equal access to affordable , sustainable and high quality services such as healthcare and long - term care , in particular family and community - based care services . the esf + should contribute to the modernisation of social protection systems with a view in particular to promoting their accessibility . ### the esf + should support member states’ efforts to tackle poverty with a view to breaking the cycle of disadvantage across generations and promote social inclusion by ensuring equal opportunities for all , particularly by means of a truly meritocratic education system , and tackling discrimination of all kinds and addressing health inequalities . this implies mobilising a range of policies targeting people facing specific difficulties , namely persons with disabilities in particular , regardless of their age , as well as children and the working poor . the esf + should promote the active inclusion of people far from the labour market with a view to ensuring their socio - economic integration . the esf + should be also used to enhance timely and equal access to affordable , sustainable and high quality services such as healthcare and long - term care , in particular family and community - based care services . the esf + should contribute to the modernisation of social protection systems with a view in particular to promoting their accessibility .


### to ensure that the social dimension of europe as set out in the european pillar of social rights is duly put forward and that a minimum amount of resources is targeting those most in need member states should allocate at least 25% of their national esf + resources of the esf + strand under shared management to fostering social inclusion . ### to ensure that the social dimension of europe as set out in the european pillar of social rights is duly put forward and that a minimum amount of resources is targeting those most in need member states should allocate at least 25% of their national esf + resources of the esf + strand under shared management to combating poverty and fostering social inclusion .