### where relevant , strategic environmental assessments shall be used in the implementation of sectoral programmes . the involvement of interested stakeholders in environmental assessments and public access to the results of such assessments shall be ensured . ### where relevant , human rights , social and strategic environmental assessments shall be used in the execution of sectoral programmes . the involvement of interested stakeholders in these assessments and public access to the results of such assessments shall be ensured .


### forms of eu funding and methods of implementation ### forms of union funding and methods of application


### grants , where appropriate without the need for co - financing , to finance actions in the most difficult conditions where the publication of a call for proposals would be inappropriate including situations where there is a serious lack of fundamental freedoms , where human security is most at risk or where human rights organisations and defenders operate under the most difficult conditions . such grants shall not exceed eur 1 000 000 and shall have a duration of up to 18 months , which may be extended by a further 12 months in the event of objective and unforeseen obstacles to their implementation ; ### grants , where appropriate without the need for co - financing , to finance actions in the most difficult conditions where the publication of a call for proposals would be inappropriate including situations where there is a serious lack of fundamental freedoms , where human security is most at risk or where human rights organisations and defenders operate under the most difficult conditions . such grants shall not exceed eur 1 000 000 and shall have a duration of up to 18 months , which may be extended by a further 12 months in the event of objective and unforeseen obstacles to their application ;


### any decision to provide budget support shall be based on budget support policies agreed by the union , a clear set of eligibility criteria and a careful assessment of the risks and benefits . ### any decision to provide budget support shall be based on budget support policies agreed by the union , a clear set of eligibility criteria and a careful assessment of the risks and benefits . one of the key determinants of that decision shall be an assessment of the commitment , record and progress of partner countries with regard to democracy , human rights and the rule of law .


### those financial instruments may be grouped into facilities for implementation and reporting purposes ### those financial instruments may be grouped into facilities for application and reporting purposes


### member countries of the organisation for economic cooperation and development , in the case of contracts implemented in a least developed country or a highly indebted poor country , as included in the list of official development assistance recipients . ### member countries of the organisation for economic cooperation and development , in the case of contracts applied in a least developed country or a highly indebted poor country , as included in the list of official development assistance recipients .


### for actions jointly co - financed by an entity , or implemented in direct or indirect management with entities as referred to point to of article 62 of the financial regulation , the eligibility rules of those entities shall also apply . ### for actions jointly co - financed by an entity , or applied in direct or indirect management with entities as referred to point to of article 62 of the financial regulation , the eligibility rules of those entities shall also apply .


### the eligibility rules of this article may be restricted with regard to the nationality , geographical location or nature of applicants , where such restrictions are required on account of the specific nature and the objectives of the action and where they are necessary for its effective implementation . ### the eligibility rules of this article may be restricted with regard to the nationality , geographical location or nature of applicants , where such restrictions are required on account of the specific nature and the objectives of the action and where they are necessary for its effective application . nationality restrictions shall not apply to international organisations .


### the purpose of the efsd + as an integrated financial package supplying financial capacity drawing on the methods of implementation set up in article 23 , , and , shall be to support investments and increase access to financing , in order to foster sustainable and inclusive economic and social development and promote the socio - economic resilience in partner countries with a particular focus on the , eradication of poverty , sustainable and inclusive growth , the creation of decent jobs , economic opportunities , skills and entrepreneurship , socioeconomic sectors , micro , small and medium - sized enterprises as well as addressing specific socioeconomic root causes of irregular migration , in accordance with the relevant indicative programming documents . special attention shall be given to countries identified as experiencing fragility or conflict , least developed countries and heavily indebted poor countries . ### the purpose of the efsd + as an integrated financial package supplying financial capacity drawing on the methods of application set up in points , , and of article 23 , shall be to support investments and increase access to financing , while maximising additionality , delivering innovative products and crowding in private sector , in order to foster sustainable and inclusive economic and social development and promote the socio - economic resilience in partner countries with a particular focus on the , eradication of poverty , sustainable and inclusive growth , the creation of decent jobs , in particular for women and young people economic opportunities , skills and entrepreneurship , socioeconomic sectors , with a focus on social enterprises and cooperatives in view of their potential to reduce poverty , inequalities , human rights and livelihoods , supporting micro , small and medium - sized enterprises as well as addressing specific socioeconomic root causes of irregular migration , forced displacement in accordance with the relevant indicative programming documents . special attention shall be given to countries identified as experiencing fragility or conflict , least developed countries and heavily indebted poor countries .


### the efsd + and the external action guarantee may support financing and investment operations in partner countries in the geographical areas referred to in article 4 . the provisioning of the external action guarantee shall be financed from the budget of the relevant geographic programmes established by article 6 and shall be transferred into the common provisioning fund . the efsd + and the external action guarantee may also support operations in beneficiaries listed in annex i of regulation ipa iii . the funding for these operations under the efsd + and for the provisioning of the external action guarantee shall be financed from the regulation ipa . the provisioning of the external action guarantee for loans to third countries referred to in article 10 of regulation eins shall be financed from regulation eins . ### the efsd + and the external action guarantee may support financing and investment operations in partner countries in the geographical areas referred to in article 4 . the provisioning of the external action guarantee shall be financed from the budget of the relevant geographic programmes established by article 6 and shall be transferred into the common provisioning fund . the geographic distribution of efsd + operations shall , to the maximum extent possible , also reflect the relative weight of the financial allocations for the different regions as outlined in point of article 6 . the efsd + and the external action guarantee may also support operations in beneficiaries listed in annex i of regulation ipa iii . the funding for these operations under the efsd + and for the provisioning of the external action guarantee shall be financed from the regulation ipa . the provisioning of the external action guarantee for loans to third countries referred to in article 10 of regulation eins shall be financed from regulation eins .


### the financing and investment operations eligible for support through the external action guarantee shall be consistent and aligned with union policies , as well as with the partner countries ' strategies and policies . they shall in particular support the objectives , general principles and policy framework of this regulation and the relevant indicative programming documents , with due regard to the priority areas laid down in annex v . ### the financing and investment operations eligible for support through the external action guarantee shall be consistent and aligned with union policies , as well as with the partner countries ' strategies and policies and address local market failures or sub - optimal investment operations and without unfairly competing with local economic actors . they shall in particular support the objectives , general principles and policy framework of this regulation and the relevant indicative programming documents , with due regard to the priority areas laid down in article 26 a and further described in annex v .


### are technically viable and are sustainable from an environmental and social point of view . ### are technically viable and are sustainable from an environmental and socio - economic point of view .


### the eligible counterparts for the purposes of the external action guarantee shall be the ones identified in article 208 of the financial regulation , including those from third countries contributing to the external action guarantee , subject to approval by the commission in accordance with article 28 of this regulation . in addition , and by derogation to article 62 of the financial regulation , bodies governed by the private law of a member state or a third country which has contributed to the external action guarantee in accordance with article 28 , and which provide adequate assurance of their financial capacity shall be eligible for the purpose of the guarantee . ### the eligible counterparts for the purposes of the external action guarantee shall be the ones identified in article 208 of the financial regulation , including those from third countries contributing to the external action guarantee , subject to approval by the commission in accordance with article 28 of this regulation , and the opinion of the strategic board . in addition , and by derogation to article 62 of the financial regulation , bodies governed by the private law of a member state or a third country which has contributed to the external action guarantee in accordance with article 28 , and which provide adequate assurance of their financial capacity shall be eligible for the purpose of the guarantee .


### the commission shall ensure fair treatment for all eligible counterparts and shall ensure that conflicts of interest are avoided throughout the implementation period of the efsd + . in order to ensure complementarity , the commission may request any relevant information from eligible counterparts about their non - efsd + operations . ### the commission shall ensure fair treatment for all eligible counterparts and shall ensure that conflicts of interest are avoided throughout the application period of the efsd + . in order to ensure complementarity , the commission may request any relevant information from eligible counterparts about their non - efsd + operations .


### the commission shall ensure fair treatment for all eligible counterparts and shall ensure that conflicts of interest are avoided throughout the implementation period of the efsd + . in order to ensure complementarity , the commission may request any relevant information from eligible counterparts about their non - efsd + operations . ### the commission shall ensure fair treatment and equal access to funding for all eligible counterparts and shall ensure that conflicts of interest are avoided throughout the implementation period of the efsd + . in order to ensure complementarity , the commission may request any relevant information from eligible counterparts about their non - efsd + operations .


### the commission shall be empowered to adopt delegated acts in accordance with article 34 to supplement or amend the priority areas in annex v and the governance of the efsd + in annex vi . ### the commission shall be empowered to adopt delegated acts in accordance with article 34 to supplement or amend the priority areas and investment windows indicated in annex v . the commission shall inform the european parliament and the council on how the investment windows comply with the requirements set out in article 26 a and this article and their detailed funding priorities . all requests for financial support within investment windows shall be made to the commission . the choice of investment windows shall be duly justified by an analysis of the market failure or sub - optimal investment situations . that analysis shall be carried out by the commission in cooperation with potentially eligible counterparts and stakeholders . eligible counterparts may provide the instruments referred to in paragraph 3 under an investment window or individual project administered by an eligible counterpart . the instruments may be provided for the benefit of partner countries , including countries experiencing fragility or conflict or countries facing challenges in reconstruction and post - conflict recovery , for the benefit of those partner countries’ institutions , including their public national and private local banks and finance institutions , as well as for the benefit of private sector entities of those partner countries .


### contribution from third countries other than the contracting parties to the agreement on the european economic area and from other third parties shall be in the form of cash and subject to approval by the commission . ### contribution from third countries other than the contracting parties to the agreement on the european economic area and from other third parties shall be in the form of cash and subject to the opinion of the strategic board and approval by the commission .


### any contribution may be used to cover guarantee calls regardless of earmarking . ### any contribution may be used to cover guarantee calls .


### implementation of external action guarantee agreements ### application of external action guarantee agreements


### the commission , on behalf of the union , shall conclude external action guarantee agreements with the eligible counterparts selected pursuant to article 27 . agreements may be concluded with a consortium of two or more eligible counterparts . ### the commission , on behalf of the union , shall conclude external action guarantee agreements with the eligible counterparts selected pursuant to article 27 . those agreements shall be unconditional , irrevocable , at first demand , and in favour of selected counterparts . agreements may be concluded with a consortium of two or more eligible counterparts .


### a mention of the objectives and purpose of this regulation , a needs assessment and an indication of the expected results , taking into account the promotion of corporate social responsibility and responsible business conduct ; ### a mention of the objectives and purpose of this regulation , a needs assessment and an indication of the expected results , taking into account the promotion of corporate social responsibility and responsible business conduct , including , in particular , by respect for the internationally agreed guidelines , principles and legal instruments referred to in point of article 27 ;


### the remuneration of the guarantee , which is to reflect the risk level , and the possibility for the remuneration to be partly subsidised in order to give concessional terms in duly justified cases ; ### the remuneration of the guarantee , which is to reflect the risk level , and the possibility for the remuneration to be partly subsidised in order to give concessional terms in duly justified cases , and in particular countries experiencing fragility or conflict , ldcs and heavily indebted countries ;


### clear and accessible complaints procedures for third parties that could be affected by the implementation of projects supported by the external action guarantee . ### clear and accessible complaints procedures for third parties that could be affected by the application of projects supported by the external action guarantee .


### the commission shall report on financial instruments , budgetary guarantees , financial assistance in accordance with article 241 and 250 of the financial regulation . to this purpose , the eligible counterparts shall provide annually the information necessary to allow the commission to comply with the reporting obligations . ### the commission shall report on financial instruments , budgetary guarantees , financial assistance in accordance with article 241 and 250 of the financial regulation . to this purpose , the eligible counterparts shall provide annually the information necessary to allow the commission to comply with the reporting obligations . in addition , the commission shall submit an annual report to the european parliament and to the council as detailed in article 31 .


### the commission shall regularly monitor its actions and review progress made towards delivering expected results , covering outputs and outcomes . ### the commission shall regularly monitor its actions and review progress made towards delivering expected targets and results , covering outputs and outcomes .


### progress with respect to expected results should be monitored on the basis of clear , transparent and , where appropriate , measurable indicators . indicators shall be kept at a limited number to facilitate timely reporting . ### progress with respect to expected results should be monitored on the basis of clear , transparent and , where appropriate , measurable indicators , including , but not limited to , those set in annex vii , as well as union budgetary execution . indicators shall be kept at a limited number to facilitate timely reporting and , as a minimum , shall be disaggregated by sex and age .


### joint results frameworks included within joint programming documents that fulfil the criteria set out in article 12 shall provide the basis for the joint monitoring by the union and the member states of the implementation of their collective support to a partner country . ### joint results frameworks included within joint programming documents that fulfil the criteria set out in article 12 shall provide the basis for the joint monitoring by the union and the member states of the application of their collective support to a partner country .


### the performance reporting system shall ensure that data for monitoring programme implementation and results are collected efficiently , effectively , and in a timely manner . to that end , proportionate reporting requirements shall be imposed on recipients of union funds . ### the performance reporting system shall ensure that data for monitoring programme application and results are collected efficiently , effectively , and in a timely manner . to that end , proportionate reporting requirements shall be imposed on recipients of union funds .


### the commission shall examine the progress made in implementing this regulation . from 2022 onwards , the commission shall submit to the european parliament and to the council an annual report on the achievement of the objectives of this regulation by means of indicators , measuring the results delivered and the efficiency of the regulation . that report shall also be submitted to the european economic and social committee and to the committee of the regions . ### the commission shall examine the progress made in applying this regulation . from 2022 onwards , the commission shall submit to the european parliament and to the council an annual report on the achievement of the objectives of this regulation by means of indicators , including , but not limited to , those set in annex vii as well as union budgetary execution , measuring the results delivered and the efficiency of the regulation . that report shall also be submitted to the european economic and social committee and to the committee of the regions .


### the annual report shall contain information relating to the previous year on the measures financed , the results of monitoring and evaluation exercises , the involvement of the relevant partners , and the implementation of budgetary commitments and of payment appropriations broken down by country , region and cooperation sector . it shall assess the results of the union funding using , as far as possible , specific and measurable indicators of its role in meeting the objectives of this regulation . in the case of development cooperation , the report shall also assess , where possible and relevant , the adherence to development effectiveness principles , including for innovative financial instruments . ### the annual report shall contain information relating to the previous year on the measures financed , the results of monitoring and evaluation exercises , the involvement of the relevant partners , and the application of budgetary commitments and of payment appropriations broken down by country , region and cooperation sector . it shall also include an annual estimate of the overall spending for the different targets set by this regulation . it shall assess the results of the union funding using specific and measurable indicators of its role in meeting the objectives of this regulation . in the case of development cooperation , the report shall also assess , the adherence to development effectiveness principles , including for innovative financial instruments .


### an annual estimate of the overall spending related to climate action and biodiversity shall be made on the basis of the indicative programming documents adopted . the funding allocated under this regulation shall be subject to an annual tracking system based on the methodology of the organisation for economic cooperation and development , without excluding the use of more precise methodologies where these are available , integrated into the existing methodology for performance management of union programmes , to quantify the expenditure related to climate action and biodiversity at the level of the action plans and measures referred to in article 19 and recorded within evaluations and the annual report . ### an annual estimate of the overall spending related to climate action and biodiversity shall be made on the basis of the indicative programming documents adopted . the funding allocated under this regulation shall be subject to an annual tracking system based on the methodology of the organisation for economic cooperation and development , without excluding the use of more precise methodologies where these are available , integrated into the existing methodology for performance management of union programmes , to quantify the expenditure related to climate action and biodiversity at the level of the action plans and measures referred to in article 19 and recorded within evaluations and the annual report . the commission shall transmit the estimate to the european parliament .


### to ensure effective assessment of progress of this regulation towards the achievement of its objectives , the commission shall be empowered to adopt delegated acts in accordance with article 34 to amend annex vii to review or complement the indicators where considered necessary and to supplement this regulation with provisions on the establishment of a monitoring and evaluation framework . ### to ensure effective assessment of progress of this regulation towards the achievement of its objectives , the commission shall adopt delegated acts in accordance with article 34 to amend annex vii to review or complement the indicators where considered necessary and to supplement this regulation with provisions on the establishment of a monitoring and evaluation framework .


### where appropriate evaluations shall make use of the good practise principles of the development assistance committee of the organisation for economic cooperation and development , seeking to ascertain whether the objectives have been met and to formulate recommendations with a view to improving future actions . ### the commission shall also evaluate the impact and effectiveness of its actions per area of intervention and the effectiveness of programming , by means of external evaluations . proposals and views of the european parliament and the council on independent external evaluations shall be duly taken into account by the commission . where applicable , evaluations shall make use of the good practice principles of the development assistance committee of the organisation for economic cooperation and development , seeking to ascertain whether the objectives have been met and to formulate recommendations with a view to improving future actions .


### the final evaluation report shall be undertaken for the specific purpose of improving the implementation of the union funding . it shall inform decisions on the renewal , modification or suspension of the types of actions implemented under the regulation . ### the mid - term evaluation report shall be undertaken for the specific purpose of improving the application of the union funding . it shall inform decisions on the renewal , modification or suspension of the types of actions implemented under the regulation .


### the final evaluation report shall also contain consolidated information from relevant annual reports on all funding governed by this regulation , including external assigned revenues and contributions to trust funds offering a breakdown of spending by beneficiary country , use of financial instruments , commitments and payments ### the mid - term evaluation report shall also contain consolidated information from relevant annual reports on all funding governed by this regulation , including external assigned revenues and contributions to trust funds offering a breakdown of spending by beneficiary country , use of financial instruments , commitments and payments


### the commission shall communicate the conclusions of the evaluations accompanied by its observations , to the european parliament , to the council and to the member states through the relevant committee referred to in article 35 . specific evaluations may be discussed in that committee at the request of member states . the results shall feed into programme design and resource allocation . ### the commission shall communicate the conclusions of the evaluations accompanied by its observations , to the european parliament , to the council and to the member states . the results shall feed into programme design and resource allocation .


### in duly justified cases and where the action to be implemented is of a global , trans - regional or regional nature , the commission may decide , within the relevant multiannual indicative programmes or within the relevant action plans or measures to extend the scope of actions to countries and territories not covered by this regulation pursuant to article 4 in order to ensure the coherence and effectiveness of union financing or to foster regional or trans - regional cooperation . ### in duly justified cases and where the action to be applied is of a global , trans - regional or regional nature , the commission shall be empowered to adopt a delegated act in accordance with article 34 to supplement this regulation by adding the countries and territories to those covered by this regulation pursuant to article 4 for the purpose of those actions .


### the commission may include a specific financial allocation to assist partner countries and regions in strengthening their cooperation with neighbouring union outermost regions and with overseas countries and territories covered by council decision oct decision . to this end , this regulation , may contribute , where appropriate and on the basis of reciprocity and proportionality as regards the level of funding from the oct decision and / or the etc regulation , to actions implemented by a partner country or region or any other entity under this regulation , by a country , territory or any other entity under the oct decision or by a union outermost region in the frame of joint operational programmes or to interregional cooperation programmes or measures established and implemented under the etc regulation . ### the commission may include a specific financial allocation to assist partner countries and regions in strengthening their cooperation with neighbouring union outermost regions and with overseas countries and territories covered by council decision oct decision . to this end , this regulation , may contribute , where appropriate and on the basis of reciprocity and proportionality as regards the level of funding from the oct decision and / or the etc regulation , to actions applied by a partner country or region or any other entity under this regulation , by a country , territory or any other entity under the oct decision or by a union outermost region in the frame of joint operational programmes or to interregional cooperation programmes or measures established and applied under the etc regulation .


### the power to adopt delegated acts referred to in article 4 , article 26 , article 27 and article 31 shall be conferred on the commission for the period of validity of this regulation . ### the power to adopt delegated acts referred to in article 4 , article 8 , article 8 , article 14 , article 15 , article 17 , article 21 , article 26 , article 27 , article 31 and article 33 shall be conferred on the commission for the period of validity of this regulation . the commission shall adopt those delegated acts as soon as possible , however delegated acts referred to in article 8 , article 8 , article 17 , and article 31 shall be adopted by . . . [ 6 months after the date of entry into force of this regulation ] .


### the delegation of power referred to in article 4 , article 26 , article 27 and article 31 may be revoked at any time by the european parliament or by the council . a decision to revoke shall put an end to the delegation of power specified in that decision . it shall take effect the day following the publication of the decision in the official journal of the european union or at a later date specified therein . it shall not affect the validity of any delegated acts already in force . ### the delegation of power referred to in article 4 , article 8 , article 8 , article 14 , article 15 , article 17 , article 21 , article 26 , article 27 , article 31 and article 33 may be revoked at any time by the european parliament or by the council . a decision to revoke shall put an end to the delegation of power specified in that decision . it shall take effect the day following the publication of the decision in the official journal of the european union or at a later date specified therein . it shall not affect the validity of any delegated acts already in force .


### a delegated act adopted pursuant to article 4 , article 26 , article 27 and article 31 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 of the council . ### a delegated act adopted pursuant to article 4 , article 8 , article 8 , article 14 , article 15 , article 17 , article 21 , article 26 , article 27 , article 31 and article 33 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 of the council .


### the recipients of union funding shall acknowledge the origin and ensure the visibility of the union funding in particular when promoting the actions and their results by providing coherent , effective and proportionate targeted information to multiple audiences , including the media and the public . ### the recipients of union funding shall acknowledge the origin and ensure the visibility of the union funding in particular when promoting the actions and their results by providing coherent , effective and proportionate targeted information to multiple audiences , including the media and the public . the commission shall be responsible for monitoring recipients ' compliance with those requirements .


### the commission shall implement information and communication actions relating to this regulation , and its actions and results . financial resources allocated to this regulation shall also contribute to the corporate communication of the political priorities of the union , as far as those priorities are directly related to the objectives referred to in article 3 . ### the commission shall apply information and communication actions relating to this regulation , and its actions and results . financial resources allocated to this regulation shall also contribute to the corporate communication of the political priorities of the union , as far as those priorities are directly related to the objectives referred to in article 3 .


### it shall apply from 1 january 2021 . ### it shall apply from 1 january 2021 until 31 december 2027 .


### union support under this area may also be used for the purpose of enabling the russian federation to participate in cross - border cooperation programmes and in other relevant multi - country programmes . ### union support under this area may also be used for the purpose of enabling the russian federation to participate in cross - border cooperation programmes and in other relevant multi - country programmes , including cooperation on education , in particular student exchanges .


### building resilience of states , societies , communities and individuals to political , economic , environmental , food , demographic and societal pressures and shocks ; ### building resilience of states , societies , communities and individuals to prepare them to resist , adapt and recover quickly from environmental and economic shocks , natural and man - made disasters and , conflicts , health crises and food security ;


### enhancing efforts for the adoption of policies and appropriate investment to promote women and young people’s rights , to facilitate their engagement in social , civic and economic life , and to ensure their full contribution to inclusive growth and sustainable development ; ### enhancing efforts for the adoption of policies and appropriate investment to promote children , women and young people’s rights , including their right to access to culture and education , to facilitate their engagement in social , civic and economic life , and to ensure their full contribution to inclusive growth and sustainable development ;


### promoting an integrated approach to supporting communities , particularly the poorest , in improving access to basic needs and services ; ### promoting an integrated approach to supporting communities , particularly the poorest and hardest to reach , by improving universal access to basic needs and services , in particular health , education , nutrition and social protection ;


### supporting universal access to safe and sufficient drinking water sanitation , and hygiene , and sustainable and integrated water management ; ### supporting universal access to safe and sufficient drinking water sanitation , hygiene , and sustainable and integrated water management ;


### supporting actions of capacity building , learning mobility to , from or between partner countries , as well as of cooperation and policy dialogue with institutions , organisations , local implementing bodies and authorities , from those countries ; ### supporting actions of learning mobility , capacity building and cultural cooperation to , from or between the union and third countries , as well as of cooperation and policy dialogue with institutions , organisations , local implementing bodies and authorities , from those countries ;


### migration and forced displacement ### migration , mobility and forced displacement


### supporting sustainable reintegration of returning migrants ; ### supporting sustainable and successful socio - economic reintegration of returning migrants ;


### promoting conditions for facilitating legal migration and well - managed mobility , people - to - people contacts , maximising the development impact of migration ; ### promoting conditions for facilitating legal migration and well - managed mobility , and people - to - people contacts , including by providing accurate and timely information at all stages of migration ;


### supporting development - based solutions for forcibly displaced persons and their host communities ; ### supporting development - based solutions for forcibly displaced persons and their host communities , including through access to education and decent jobs , to promote the dignity , resilience and self - reliance of displaced persons , and their inclusion in the economic and social life of host countries ;


### supporting diaspora engagement in countries of origin ; ### supporting diaspora engagement in countries of origin , to fully contribute to sustainable development ;


### contributing to partners’ efforts to pursue their commitments on climate change in line with the paris agreement on climate change , including the implementation of nationally determined contribution and mitigation and adaptation plans of action including synergies between adaptation and mitigation ; ### supporting adaptation to climate change , with special emphasis on particularly vulnerable states and populations lacking resources for taking necessary measures . contributing to partners’ efforts to pursue their commitments on climate change in line with the paris agreement on climate change , including the implementation of nationally determined contribution and mitigation and adaptation plans of action including synergies between adaptation and mitigation ;


### strengthening sustainable energy cooperation . promoting and increasing cooperation on energy efficiency and the use of renewable energy sources ; ### promoting access to sustainable energy in developing countries , with a view to honouring the union’s 2012 pledge to provide such access for an additional 500 million people by 2030 , giving priority to small - scale , mini - grid and off - grid solutions of high environmental and development value . strengthening sustainable energy cooperation . promoting and increasing cooperation on energy efficiency and the use of renewable energy sources ;


### promoting integrated and sustainable management of water resources and transboundary water cooperation ; ### promoting integrated and sustainable management of water resources and transboundary water cooperation in accordance with international law ;


### promoting conservation and enhancement of carbon stocks through sustainable management of land use , land - use change , and forestry and combatting environmental degradation , desertification and land degradation ; ### promoting conservation and enhancement of carbon stocks through sustainable management of land use , land - use change , and forestry and combatting environmental degradation , desertification and land and forest degradation , and drought ;


### supporting ocean governance , including the protection and restoration preservation of coastal and marine areas in all its forms , including ecosystems , the fight against marine litter , the fight against illegal , unreported and unregulated fishing and the protection of maritime biodiversity ; ### supporting ocean governance , including the protection and restoration preservation of coastal and marine areas in all its forms , including ecosystems , the fight against marine litter , the fight against illegal , unreported and unregulated fishing and the protection of maritime biodiversity in accordance with the unclos ;


### strengthening regional disaster risk reduction and resilience , in synergy with climate change adaption policies and actions ; ### strengthening regional disaster risk reduction , preparedness and resilience by means of a community - based and people - centred approach , in synergy with climate change adaption policies and actions ;


### supporting entrepreneurship , decent employment and employability through the development of skills and competences , including education , the improvement of labour standards and working conditions , and the creation of opportunities particularly for the youth ; ### supporting entrepreneurship , including through microfinance , decent employment and employability through the development of skills and competences , including education , the improvement of the full application of ilo labour standards including social dialogue and the fight against child labour , working conditions in a healthy environment , and the creation of opportunities particularly for the youth ;


### promoting internal economic , social and territorial cohesion , forging stronger links between urban and rural areas and facilitating the development of the tourism sector as a leverage for sustainable development ; ### promoting internal economic , social and territorial cohesion , forging stronger links between urban and rural areas and facilitating the development of both creative industries and the cultural tourism sector as a leverage for sustainable development ;


### fostering universal access to sustainable energy , promoting a low - carbon , climate resilient resource efficient and circular economy in line with the paris agreement on climate change ; ### fostering universal access to safe , affordable and sustainable energy , promoting a low - carbon , climate resilient resource efficient and circular economy in line with the paris agreement on climate change ;


### developing and strengthening markets and sectors in a way that would bolster inclusive and sustainable growth ; ### developing and strengthening markets and sectors in a way that would bolster inclusive and sustainable growth , and fair trade ;


### supporting the regional integration agenda and optimal trade policies , and supporting the consolidation and implementation of trade agreements between the eu and its partners ; ### supporting the regional integration agenda and optimal trade policies , and supporting the consolidation and implementation of fair trade agreements between the union and its partners , including holistic and asymmetrical agreements with developing country partners ;


### supporting conflict prevention , early warning and peacebuilding through mediation , crisis management , and stabilisation ; ### supporting conflict prevention , early warning and peacebuilding through mediation , crisis management , and stabilisation and post - conflict reconstruction , including an enhanced role for women at all of these stages ;


### promoting transboundary cooperation regarding the sustainable management of shared natural resources ; ### promoting transboundary cooperation regarding the sustainable management of shared natural resources in accordance with the unclos ;


### cooperating with third countries in the peaceful use of nuclear energy , notably through capacity building and infrastructure development in third countries in the areas of health , agriculture and food safety ; as well as supporting social actions addressing the consequences on the most vulnerable population exposed to any radiological accident and aiming at improving their living conditions ; promoting knowledge - management , training and education in nuclear - related fields ; ### cooperating with third countries in the peaceful use of nuclear energy , notably through capacity building and infrastructure development in third countries in the areas of health , agriculture and food safety ; as well as supporting social actions addressing the consequences on the most vulnerable population exposed to any radiological accident and aiming at improving their living conditions ; promoting knowledge - management , training and education in nuclear - related fields . such activities shall be developed in conjunction with those under the european instrument for nuclear safety established by regulation eu . . . / . . . [ regulation eins ] ;


### promoting an enabling environment for civil society organisations , including foundations , enhancing their meaningful and structured participation in domestic policies and their capacity to perform their roles as independent development and governance actors ; and strengthening new ways of partnering with civil society organisations , promoting a substantive and structured dialogue with the union and the effective use of country roadmaps for eu engagement with civil society ; ### promoting an enabling environment for civil society organisations , including foundations , enhancing their participation in domestic policies and their capacity to perform their roles as independent development and governance actors ; and strengthening new ways of partnering with civil society organisations , promoting a substantive and structured dialogue with the union and the effective use and implementation of country roadmaps for the union’s engagement with civil society ;


### engaging more effectively with citizens in third countries , including by making full use of economic , cultural and public diplomacy ; ### engaging more effectively with citizens and human rights defenders in third countries , including by making full use of economic , cultural and public diplomacy ;


### engaging with local authorities and support their role as policy and decision - makers to boost local development and improved governance ; ### engaging more effectively with citizens in third countries , including by making full use of economic , cultural , sport and public diplomacy ;


### creating an enabling environment for citizen participation and civil society action , including through foundations ; ### creating an enabling environment for citizen participation and civil society action , including by supporting active civil society participation in policy dialogue through foundations ;


### building the capacity of civil society organisations , including foundations , to act as both actors of development and governance ; ### supporting and building the capacity of civil society organisations , including foundations , to act as both actors of development and governance ;


### dialogue with and between civil society organisations on development policy ### dialogue with and between civil society organisations


### promoting other inclusive multi - stakeholder dialogue fora , including interaction between citizens , civil society organisations , local authorities , member states , partner countries and other key development stakeholders ; ### promoting inclusive multi - stakeholder dialogue fora and institutional strengthening of civil society and local authority networks , including interaction and coordination between citizens , civil society organisations , local authorities , member states , partner countries and other key development stakeholders ;


### mobilising public support in the union , candidate countries and potential candidates for sustainable and inclusive development strategies in partner countries . ### mobilising public support in the union , candidate countries and potential candidates for poverty reduction and sustainable and inclusive development strategies in partner countries .


### the union shall provide technical and financial assistance to support partners’ efforts and union actions addressing global and trans - regional threats and emerging threats mainly in the following areas : ### the union shall provide technical and financial assistance to support partners’ efforts and union actions addressing global and trans - regional threats and emerging threats in the following areas :


### threats to public spaces , critical infrastructure , cybersecurity , to public health or to environmental stability , maritime security threats , threats deriving from climate change impacts ; ### threats to public spaces , critical infrastructure , including international transport , including passenger and freight traffic , energy operations and energy distribution , cybersecurity , to public health , including sudden epidemics with a potential trans - national impact , or to environmental stability , maritime security threats , global and trans - regional threats deriving from climate change impacts having a potentially destabilising impact on peace and security ;


### developing crucial elements of an effective and comprehensive health system that are best addressed at a supra - national level to secure equitable access to health services and sexual and reproductive health and rights ; ### developing crucial elements of an effective and comprehensive health system that are best addressed at a supra - national level to secure equitable , affordable , inclusive and universal access to public health services and sexual and reproductive health and rights ;


### addressing global health security through communicable diseases research and control , translate knowledge into products and policies that tackle the changing disease burden , and shape global markets to improve access to essential health commodities and healthcare services , especially for sexual and reproductive health . ### addressing global health security through communicable diseases research , including on poverty - related and neglected diseases - and control , translate knowledge into products and policies that tackle immunisation , the wide spectrum of the changing disease burden and antimicrobial resistance , and shape global markets to improve access to essential health commodities and healthcare services , especially for sexual and reproductive health .


### strengthening knowledge , skills and values through partnerships and alliances , for active citizenship and productive , inclusive and resilient societies ; ### strengthening knowledge , research and innovation , skills and values through partnerships and alliances , for active citizenship and educated , democratic , inclusive and resilient societies ;


### supporting global action on reducing all dimensions of inequalities , such as the gaps between girls / women and boys / men , to ensure that everyone has equal opportunity to take part in economic and social life . ### supporting global action on reducing discrimination and all dimensions of inequalities , such as the gaps between girls / women and boys / men , to ensure that everyone has equal opportunity to take part in economic , political and social life .


### supporting global action on reducing all dimensions of inequalities , such as the gaps between girls / women and boys / men , to ensure that everyone has equal opportunity to take part in economic and social life . ### supporting global action on reducing all dimensions of discrimination and inequalities , such as the gaps between girls / women and boys / men , to ensure that everyone has equal opportunity to take part in economic , political and social life .


### contributing to the global agenda on decent work , in particular in global value chains , and enhancing knowledge on effective employment policies that respond to labour market needs , including vet and life - long learning ; ### contributing to the global agenda on decent work for all within a healthy environment , on the basis of the basic ilo labour standards , including social dialogue and the fight against child labour , in particular in global value chains , and enhancing knowledge on effective employment policies that respond to labour market needs , including vet and life - long learning ;


### supporting global initiatives on universal social protection that follow the principles of efficiency , sustainability and equity ; including support to address inequality and ensure social cohesion ; ### supporting global initiatives on universal social protection that follow the principles of efficiency , sustainability and equity , including support to address inequality and ensure social cohesion in particular with the setting - up and strengthening of sustainable social protection systems , social insurance schemes , and with fiscal reform , reinforcing the capacity of tax systems and the fight against fraud and tax evasion ;


### supporting culture as an engine for sustainable social and economic development and reinforcing cooperation on cultural heritage . ### supporting culture as an engine for sustainable social and economic development and reinforcing cooperation on , and preservation of cultural heritage ;


### contributing to the external projection of the union ' s environment and climate change policies ; ### contributing to the external projection of the union ' s environment and climate change policies with full respect for the principle of policy coherence for development ;


### implementing international and eu initiatives to promote climate change adaptation and mitigation and climate resilient low - emission development , including through the implementation of the nationally determined contributions and low emission climate resilient strategies , promoting disaster risk reduction , address environmental degradation and halting biodiversity loss , promoting the conservation and sustainable use and management of terrestrial and marine ecosystems and renewable natural resources - including land , water , oceans , fisheries and forests , addressing deforestation , land degradation , illegal logging and wildlife trafficking , tackling pollution and ensuring a healthy environment , addressing emerging climate and environmental issues , promoting resource efficiency , sustainable consumption and production and the sound management of chemicals and waste and supporting the transition to low emission , climate resilient green and circular economies . ### implementing international and eu initiatives to promote climate change adaptation and mitigation and climate resilient low - emission development , including through the implementation of the nationally determined contributions and low emission climate resilient strategies , promoting disaster risk reduction , address environmental degradation and halting biodiversity loss , the conservation and sustainable use and management of terrestrial and marine ecosystems and renewable natural resources - including land , water , oceans , fisheries and forests , addressing deforestation , desertification , land degradation , illegal logging and wildlife trafficking , tackling pollution and ensuring a healthy environment , addressing emerging climate and environmental issues , promoting resource efficiency , sustainable consumption and production , integrated water resource management and the sound management of chemicals and waste and supporting the transition to low emission , climate resilient green and circular economies ;


### encouraging partner governments to embrace energy sector policy and market reforms so to establish a conducive environment for investments increasing access to energy services that are affordable , modern , reliable and sustainable , with a strong focus on renewable energy and energy efficiency ; ### encouraging partner governments to embrace energy sector policy and market reforms so to establish a conducive environment for inclusive growth and investments increasing access to energy services that are climate - friendly , affordable , modern , reliable and sustainable , with priority to renewable energy and energy efficiency ;


### supporting and influencing international strategies , organisations , mechanisms and actors that roll - out major global policy issues and frameworks around food and nutrition security ; ### supporting and influencing international strategies , organisations , mechanisms and actors that roll - out major global policy issues and frameworks around sustainable food and nutrition security ;


### reaffirming at global level the central role of sustainable agriculture and fisheries and aquaculture for increased food security , poverty eradication , job creation , mitigating and adapting to climate change , resilience and healthy ecosystems ; ### reaffirming at global level the central role of sustainable agriculture and fisheries and aquaculture , including smallholder agriculture and livestock - keeping for increased food security , poverty eradication , job creation , equitable and sustainable access to and management of resources , including land and land rights , water , credit and other agricultural inputs , mitigating and adapting to climate change , resilience and healthy ecosystems ;


### providing innovations through international research and reinforce global knowledge and expertise , in particular related to climate change adaptation and mitigation , agrobiodiversity , global and inclusive value chains , food safety , responsible investments , governance of land and natural resource tenure . ### providing innovations through international research and reinforce global knowledge and expertise , promotion and reinforcement of local and autonomous adaptation strategies , in particular related to climate change adaptation and mitigation , agrobiodiversity , global and inclusive value chains , fair trade , food safety , responsible investments , governance of land and natural resource tenure .


### promote inclusive societies , good economic governance , including fair and inclusive domestic revenue mobilisation , transparent public finance management and effective and inclusive public spending . ### promote inclusive societies , good economic governance , including fair and inclusive domestic revenue mobilisation and fighting tax avoidance , transparent public finance management and effective and inclusive public spending .


### a situation of urgency , crisis , emerging crisis or natural disasters ; ### a situation of urgency , crisis , emerging crisis or natural disasters , where relevant for stability , peace and security ;


### rapid response actions referred to in point b ) of article 4 shall be designed to effectively strengthen resilience and to link humanitarian aid and development actions , which cannot be swiftly addressed through geographic and thematic programmes . ### rapid response actions referred to in point b ) of article 4 shall be designed to effectively strengthen resilience and to link humanitarian aid and development actions , which cannot be swiftly addressed through geographic and thematic programmes and ensuring coherence , consistency and complementarity with humanitarian aid as specified in article 5 .


### strengthen resilience by supporting individuals , communities , institutions , and countries to better prepare for , withstand , adapt to and quickly recover from political , economic , and societal pressures and shocks , natural or man - made disasters , conflicts and global threats ; including by reinforce the capacity of a state - in the face of significant pressures to rapidly build , maintain or restore its core functions , and basic social and political cohesion and of societies , communities and individuals to manage opportunities and risks in a peaceful and stable manner and to build , maintain or restore livelihoods in the face of major pressures ; ### strengthen resilience by supporting individuals , communities , institutions , and countries to better prepare for , withstand , adapt to and quickly recover from political , economic , and societal pressures and shocks , natural or man - made disasters , conflicts and global threats ; including by reinforce the capacity of societies , communities and individuals to manage opportunities and risks in a peaceful and stable manner and to build , maintain or restore livelihoods in the face of major pressures ;


### assist the state or region in setting up short term disaster prevention and preparedness mechanisms , including for prediction and early warning , with a view to reducing the consequences of disasters . ### assist the state , region , local authorities or relevant non - governmental organisations in setting up short term disaster prevention and preparedness mechanisms , including for prediction and early warning , with a view to reducing the consequences of disasters .


### the efsd + operations eligible for support through the external action guarantee shall in particular aim at the following priority areas : ### the efsd + operations eligible for support through the external action guarantee shall contribute to the following priority areas :


### contribute by promoting sustainable development , to addressing specific root causes of irregular migration , as well as fostering the resilience of transit and host communities , and contributing to the sustainable reintegration of migrants returning to their countries of origin , with due regard to the strengthening of the rule of law , good governance and human rights . ### contribute by promoting sustainable development , to addressing specific root causes of migration , including irregular migration , and contribute to safe , orderly and regular migration , by fostering the resilience of transit and host communities , and contributing to the sustainable reintegration of migrants returning to their countries of origin , with due regard to the strengthening of the rule of law , good governance and human rights .


### number of students enrolled in primary and / or secondary education and training with eu support ### number of students having completed primary and / or secondary education and acquired minimal skills in reading and mathematics , and training with the union’s support


### all indicators shall be sex disaggregated whenever relevant . ### indicator shall be sex disaggregated , and indicators , and shall be sex and age disaggregated .


### insurance against civil liability in respect of the use of motor vehicles is of special importance for european citizens , whether they are policyholders or potential victims of an accident . it is also a major concern for insurance undertakings , as it constitutes an important segment of non - life insurance business in the union . motor insurance also has an impact on the free movement of persons , goods and vehicles . it should therefore be a key objective of the union action in the field of financial services to reinforce and consolidate the internal market for motor insurance . ### insurance against civil liability in respect of the use of motor vehicles is of special importance for european citizens , whether they are policyholders or potential victims of an accident . it is also a major concern for insurance undertakings , as it constitutes an important segment of non - life insurance business in the union . motor insurance also has a significant impact on the free movement of persons , goods and vehicles , and hence on the internal market and the schengen area . it should therefore be a key objective of the union action in the field of financial services to reinforce and consolidate the internal market for motor insurance .


### member states currently should refrain from performing checks of insurance on vehicles normally based on the territory of another member state and in respect of vehicles normally based in the territory of a third country entering their territory from the territory of another member state . new technological developments allow for checking insurance of vehicles without stopping them and thus without interfering with the free movement of persons . it is therefore appropriate allow those checks of insurance on vehicles , only if they are non - discriminatory , necessary and proportionate , form part of a general system of checks on the national territory and do not require stopping of the vehicle . ### member states currently are refraining from performing checks of insurance on vehicles normally based on the territory of another member state and in respect of vehicles normally based in the territory of a third country entering their territory from the territory of another member state . new technological developments , such as number - plate recognition technology , allow for the discrete checking of insurance of vehicles without stopping them and thus without interfering with the free movement of persons . it is therefore appropriate to allow those checks of insurance on vehicles only if they are non - discriminatory , necessary and proportionate , form part of a general system of checks on the national territory and do not require stopping of the vehicle and if they guarantee the rights , freedoms and legitimate interests of the person concerned .


### effective and efficient protection of victims of traffic accidents requires that those victims are always reimbursed for their personal injuries or for damage to their property , irrespective of whether the insurance undertaking of the party liable is solvent or not . member states should therefore set up or appoint a body that provides initial compensation for injured parties habitually residing within their territory , and which has the right to reclaim that compensation from the body set up or appointed for the same purpose in the member state of establishment of the insurance undertaking which issued the policy of the vehicle of the liable party . however , to avoid parallel claims being introduced , victims of traffic incidents should not be allowed to present a claim for compensation with that body if they have already presented their claim or have taken legal action with the insurance undertaking concerned and that claim is still under consideration and that action is still pending . ### effective and efficient protection of victims of traffic accidents requires that those victims are always reimbursed for their personal injuries or for damage to their property , irrespective of whether the insurance undertaking of the party liable is solvent or not . member states should therefore set up or appoint a body that provides , without any delay , initial compensation for injured parties habitually residing within their territory , and which has the right to reclaim that compensation from the body set up or appointed for the same purpose in the member state of establishment of the insurance undertaking which issued the policy of the vehicle of the liable party . however , to avoid parallel claims being introduced , victims of traffic incidents should not be allowed to present a claim for compensation with that body if they have already presented their claim or have taken legal action with the insurance undertaking concerned and that claim is still under consideration and that action is still pending .


### since the objectives of this directive , in particular to ensure an equal minimum protection of victims of traffic accidents across the union and to ensure the protection of victims in case of insolvency of insurance undertakings , cannot be sufficiently achieved by the member states but can rather , by reason of their effects , 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 of the 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 , in particular to ensure an equal minimum protection of victims of traffic accidents across the union , to ensure the protection of victims in case of insolvency of insurance undertakings and to ensure equal treatment in the authentication of claims history statements by insurers for potential policy holders traversing internal union borders cannot be sufficiently achieved by the member states but can rather , by reason of their effects , 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 of the 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 .


### ‘ use of a vehicle’ means any use of such vehicle , intended normally to serve as a means of transport , that is consistent with the normal function of that vehicle , irrespective of the vehicle ' s characteristics and irrespective of the terrain on which the motor vehicle is used and of whether it is stationary or in motion . ### ' use of a vehicle ' means any use of such vehicle in traffic , that is intended primarily to serve as a means of transport and that , at the time of the accident , was being used in line with its primary function on public roads and irrespective of whether it is stationary or in motion ;


### however , they may carry out such checks on insurance provided that those checks are non - discriminatory , necessary and proportionate to achieve the end pursued , and ### however , they may carry out such checks on insurance provided that those checks are non - discriminatory , necessary and proportionate to achieve the end pursued , guarantee the rights , freedoms and legitimate interests of the person concerned , and


### member states shall ensure that insurance undertakings publish their policies in respect of their use of claims history statements when calculating premiums . ### without prejudice to the pricing policies of insurance undertakings , member states shall ensure that insurance undertakings publish their policies in respect of their use of claims history statements when calculating premiums .


### the identity of the policyholder ; ### the identity , the date of birth , and the number and date of issue of the driving licence of the policyholder ;


### the vehicle insured ; ### the vehicle insured and its registration index number ;


### the period of cover of the vehicle insured : ### the date of inception and date of expiration of the insurance of the vehicle :


### no later than seven years after the date of transposition of this directive , an evaluation of this directive shall be carried out . the commission shall communicate the conclusions of the evaluation accompanied by its observations to the european parliament , the council and the european economic and social committee . ### no later than five years after the date of transposition of this directive , an evaluation and full review of this directive shall be carried out . this evaluation shall , in particular , assess the suitability of this directive in the light of technological developments related to autonomous , semi - autonomous and high speed small vehicles falling under categories of vehicles as referred to in article 2 , paragraph 2 , point h ) , i ) , j ) , k ) of regulation no 168 / 2013 , and whether the liability system it provides is likely to satisfy future needs . the commission shall communicate the conclusions of the evaluation accompanied by its observations and , where appropriate , by a legislative proposal to the european parliament , the council and the european economic and social committee .


### the existing prudential regimes under regulation no 575 / 2013 and directive 2013 / 36 / eu are largely based on successive iterations of the international regulatory standards set for large banking groups by the basel committee on banking supervision and only partially address the specific risks inherent to the diverse activities of investment firms . the specific vulnerabilities and risks inherent to investment firms should therefore be further addressed by means of appropriate and proportionate prudential arrangements at union level . ### the existing prudential regimes under regulation no 575 / 2013 and directive 2013 / 36 / eu are largely based on successive iterations of the international regulatory standards set for large banking groups by the basel committee on banking supervision and only partially address the specific risks inherent to the diverse activities of investment firms . the specific vulnerabilities and risks inherent to investment firms should therefore be further addressed by means of effective , appropriate and proportionate prudential arrangements at union level , helping to provide a level playing field across the eu and guaranteeing effective prudential supervision , while keeping compliance costs in check and ensuring sufficient capital for the risks of most investment firms .


### sound prudential supervision should ensure that investment firms are managed in an orderly way and in the best interests of their clients . they should take into account the potential for investment firms and their clients to engage in excessive risk - taking and the different degrees of risk assumed and posed by investment firms . equally , such prudential supervision should aim to avoid undue administrative burden on investment firms . ### sound prudential supervision should ensure that investment firms are managed in an orderly way and in the best interests of their clients . they should take into account the potential for investment firms and their clients to engage in excessive risk - taking and the different degrees of risk assumed and posed by investment firms . equally , such prudential supervision should aim to avoid undue administrative and compliance burdens on investment firms . at the same time , these requirements should make it possible to strike a balance between ensuring the safety and soundness of different investment companies and avoiding excessive costs that might undermine the viability of their business activity .


### differences in the application of the existing framework in different member states threaten the level playing - field for investment firms within the union . those differences stem from the overall complexity of the application of the framework to different investment firms based on the services they provide , where some national authorities adjust or streamline such application in national law or practice . given that the existing prudential framework does not address all the risks faced and posed by some types of investment firms , large capital add - ons have been applied to certain investment firms in some member states . uniform provisions addressing those risks should be established in order to ensure harmonised prudential supervision of investment firms across the union . ### differences in the application of the existing framework in different member states threaten the level playing - field for investment firms within the union , hampering investors’ access to new opportunities and better ways of managing their risks . those differences stem from the overall complexity of the application of the framework to different investment firms based on the services they provide , where some national authorities adjust or streamline such application in national law or practice . given that the existing prudential framework does not address all the risks faced and posed by some types of investment firms , large capital add - ons have been applied to certain investment firms in some member states . uniform provisions addressing those risks should be established in order to ensure harmonised prudential supervision of investment firms across the union .


### for informational and supervisory purposes , and in particular to ensure the stability of the financial system , competent authorities of host member states should be able to carry out , on a case - by - case basis , on - the - spot checks , inspect the activities of branches of investment firms on their territory and require information about the activities of those branches . supervisory measures for those branches should however remain the responsibility of the home member state . ### for informational and supervisory purposes , and in particular to ensure the stability and security of the financial system , competent authorities of host member states should be able to carry out , on a case - by - case basis , on - the - spot checks , inspect the activities of branches of investment firms on their territory and require information about the activities of those branches . supervisory measures for those branches should however remain the responsibility of the home member state .


### to detect breaches of national provisions transposing this directive and breaches of [ regulation - - - / - - - - [ ifr ] , member states should have the necessary investigatory powers and should establish effective mechanisms to report potential or actual breaches . ### to detect breaches of national provisions transposing this directive and breaches of [ regulation - - - / - - - - [ ifr ] , member states should have the necessary investigatory powers and should establish effective and rapid mechanisms to report potential or actual breaches .


### the competent authorities of the home member state shall immediately provide the competent authorities of the host member state with any information and findings about any potential problems and risks posed by an investment firm to the protection of clients or the stability of the financial system in the host member state which they have identified when supervising the activities of an investment firm . ### the competent authorities of the home member state shall immediately provide the competent authorities of the host member state with any information and findings about any potential problems and risks posed by an investment firm to the protection of clients or the stability or security of the financial system in the host member state which they have identified when supervising the activities of an investment firm .


### where , following the communication of the information and findings referred to in paragraph 2 , the competent authorities of the host member state consider that the competent authorities of the home member state have not taken the necessary measures referred to in paragraph 3 , the competent authorities of the host member state may , after having informed the competent authorities of the home member state and eba , take appropriate measures to protect clients to whom services are provided and to protect the stability of the financial system . ### where , following the communication of the information and findings referred to in paragraph 2 , the competent authorities of the host member state consider that the competent authorities of the home member state have not taken the necessary measures referred to in paragraph 3 , the competent authorities of the host member state may , after having informed without delay the competent authorities of the home member state and eba , take appropriate measures to protect clients to whom services are provided and to protect the stability and security of the financial system .


### the competent authorities of the host member state shall , for supervisory purposes and where they consider it relevant for reasons of stability of the financial system in the host member state , have the power to carry out , on a case - by - case basis , on - the - spot checks and inspections of the activities carried out by branches of investment firms on their territory and require information from a branch about its activities . ### the competent authorities of the host member state shall , for supervisory purposes and where they consider it relevant for reasons of stability or security of the financial system in the host member state , have the power to carry out , on a case - by - case basis , on - the - spot checks and inspections of the activities carried out by branches of investment firms on their territory and require information from a branch about its activities .


### before carrying out those checks and inspections , the competent authorities of the host member state shall consult the competent authorities of the home member state . ### before carrying out those checks and inspections , the competent authorities of the host member state shall , without delay , consult the competent authorities of the home member state .


### after the completion of those checks and inspections , the competent authorities of the host member state shall communicate to the competent authorities of the home member state the information that is relevant for the risk assessment of the investment firm concerned . ### as soon as possible following completion of those checks and inspections , the competent authorities of the host member state shall communicate to the competent authorities of the home member state the information that is relevant for the risk assessment of the investment firm concerned .


### where an emergency situation arises , including a situation as described in article 18 of regulation no 1093 / 2010 or adverse developments in markets , which potentially jeopardises the market liquidity and the stability of the financial system in any of the member states where entities of an investment firm group have been authorised the group supervisor determined pursuant to article 42 shall , subject to section 2 , chapter 1 of this title , alert as soon as practicable , eba , esrb and any relevant competent authorities and shall communicate all information essential for the pursuance of their tasks . ### where an emergency situation arises , including a situation as described in article 18 of regulation no 1093 / 2010 or adverse developments in markets , which potentially jeopardises the market liquidity and the stability or security of the financial system in any of the member states where entities of an investment firm group have been authorised the group supervisor determined pursuant to article 42 shall , subject to section 2 , chapter 1 of this title , alert as soon as practicable , eba , esrb and any relevant competent authorities and shall communicate all information essential for the pursuance of their tasks .


### having regard to the treaty on the functioning of the european union , and in particular articles 172 , 173 , and article 175 and article 182 thereof , ### having regard to the treaty on the functioning of the european union , and in particular articles 172 , 173 , article 175 , article 182 and article 194 thereof ,


### decisions on the use of the efsi support for infrastructure and large mid - cap projects should be made by an investment committee . the investment committee should be composed of independent experts who are knowledgeable and experienced in the areas of investment projects . the investment committee should be accountable to a steering board of the efsi , who should supervise the fulfilment of the efsi ' s objectives . to effectively benefit from the experience of the eif , the efsi should support funding to the eif to allow the eif to undertake individual projects in the areas of small and medium enterprises and small mid - cap companies . ### decisions on the use of the efsi support for infrastructure and large mid - cap projects should be made by an investment committee . the investment committee should be composed of independent and impartial experts who are knowledgeable and experienced in the areas of investment projects . the experts of the investment committee should be selected on the basis of a transparent procedure which ensures that the committee disposes of the broadest possible expertise , encompassing various sectors and geographic markets of the union . the investment committee should be accountable to a steering board of the efsi , who should supervise the fulfilment of the efsi ' s objectives . to effectively benefit from the experience of the eif , the efsi should support funding to the eif to allow the eif to undertake individual projects in the areas of small and medium enterprises and small mid - cap companies .


### in accordance with the treaty on the functioning of the european union , infrastructure and project investments supported under efsi should be consistent with state aid rules . to that end , the commission has announced that it will formulate a set of core principles , for the purpose of state aid assessments , which a project will have to meet to be eligible for support under the efsi . if a project meets these criteria and receives support from the efsi , the commission has announced that any national complementary support , will be assessed under a simplified and accelerated state aid assessment whereby the only additional issue to be verified by the commission will be the proportionality of public support . the commission has also announced that it will provide further guidance on the set of core principles with a view to ensuring an efficient use of public funds . ### in accordance with the treaty on the functioning of the european union , infrastructure and project investments supported under efsi should be consistent with state aid rules . to that end , the commission has announced that it will formulate a set of core principles , for the purpose of state aid assessments , which a project will have to meet to be eligible for support under the efsi . the criteria , which should be developed on the basis of these principles , should ensure the fair and equal treatment of all stakeholders involved in the co - financing of the project . if a project meets these fair and objective criteria and receives support from the efsi , the commission has announced that any national complementary support , will be assessed under a simplified and accelerated state aid assessment whereby the only additional issue to be verified by the commission will be the proportionality of public support . the commission has also announced that it will provide further guidance on the set of core principles with a view to ensuring an efficient use of public funds .


### to partially finance the contribution from the union budget , the available envelopes of the horizon 2020 – the framework programme for research and innovation 2014 - 2020 , provided by regulation no 1291 / 2013 of the european parliament and of the council , and the connecting europe facility , provided by regulation no 1316 / 2013 of the european parliament and of the council , should be reduced . those programmes serve purposes that are not replicated by the efsi . however , the reduction of both programmes to finance the guarantee fund is expected to ensure a greater investment in certain areas of their respective mandates than is possible through the existing programmes . the efsi should be able to leverage the eu guarantee to multiply the financial effect within those areas of research , development and innovation and transport , telecommunications and energy infrastructure compared to if the resources had been spent via grants within the planned horizon 2020 and connecting europe facility programmes . it is , therefore , appropriate to redirect part of the funding presently envisaged for those programmes to the benefit of efsi . ### to partially finance the contribution from the union budget , the available envelopes of the horizon 2020 – the framework programme for research and innovation 2014 - 2020 , provided by regulation no 1291 / 2013 of the european parliament and of the council , and the connecting europe facility , provided by regulation no 1316 / 2013 of the european parliament and of the council , should be reduced . those programmes serve purposes that are not replicated by the efsi . however , the reduction of both programmes to finance the guarantee fund is expected to ensure a greater investment in certain areas of their respective mandates than is possible through the existing programmes . the efsi should be able to leverage the eu guarantee to multiply the financial effect within those areas of research , development and innovation and transport , telecommunications and energy infrastructure compared to if the resources had been spent via grants within the planned horizon 2020 and connecting europe facility programmes . it is , therefore , appropriate to redirect part of the funding presently envisaged for those programmes to the benefit of efsi . any additional amendment to the legal bases of these programmes that would be necessary for their effective performance as a result of their reduced financial resources should be carried out as soon as possible in order to avoid delays in implementation .


### within the union , there are a significant number of potentially viable projects that are not being financed due to a lack of certainty and transparency with respect to such projects . often , this is because private investors are not aware of the projects or have insufficient information to make an assessment of the investment risks . the commission and the eib , with support from the member states , should promote the creation of a transparent pipeline of current and future investment projects in the union suitable for investment . this ' project pipeline ' should ensure that information is made publicly available regarding investment projects on a regular and structured basis to ensure that investors have reliable information on which to base their investment decisions ; ### within the union , there are a significant number of potentially viable projects that are not being financed due to a lack of certainty and transparency with respect to such projects . often , this is because private investors are not aware of the projects or have insufficient information to make an assessment of the investment risks . the commission and the eib , with support from the member states , should promote the creation of a transparent pipeline , for information purposes only , of current and future investment projects in the union suitable for investment . this ' project pipeline ' should ensure that information is made publicly available regarding investment projects on a regular and structured basis to ensure that investors have reliable information on which to base their investment decisions ;


### to ensure accountability to european citizens , the eib should regularly report to the european parliament and the council on the progress and impact of the efsi ; ### to ensure accountability to european citizens , the eib and the governance bodies of the efsi should regularly report to the european parliament and the council on the progress and impact of the efsi . in accordance with the union rules on public access to documents and information the eib should also make publicly available on its website information relating to all eib financing and investment operations and how they contribute to the general objectives of the efsi .


### the commission and the eib , with support from the member states , shall promote the creation of a transparent pipeline of current and potential future investment projects in the union . the pipeline is without prejudice to the final projects selected for support according to article 3 . ### the commission and the eib , with support from the member states , shall promote the creation of a transparent pipeline of current and potential future investment projects in the union , which shall be publicly available for investors and other interested parties . the list of projects contained in the pipeline shall be drawn up for information purposes only and shall be without prejudice to the final projects selected for support according to article 3 .


### the eib , in cooperation with the eif as appropriate , shall report semi - annually to the commission on eib financing and investment operations under this regulation . the report shall include an assessment of compliance with the requirements on the use of the eu guarantee and the key performance indicators established pursuant to article 2 . the report shall also include statistical , financial and accounting data on each eib financing and investment operation and on an aggregated basis . ### the eib , in cooperation with the eif as appropriate , shall report semi - annually to the european parliament , the council and the commission on eib financing and investment operations under this regulation . the report shall include an assessment of compliance with the requirements on the use of the eu guarantee and the key performance indicators established pursuant to article 2 . the report shall also include statistical , financial and accounting data on each eib financing and investment operation and on an aggregated basis .


### suppliers shall ensure that the values , the related classes and any additional performance information they declare on the label for the essential parameters set out in annex i have been subject to the type approval process under regulation no 661 / 2009 . ### suppliers shall ensure that the values , the related classes , the model identifier and any additional performance information they declare on the label for the essential parameters set out in annex i and that the technical documentation parameters set out in annex iii have been provided to the type approval authority before placing a tyre on the market . the type approval authority shall acknowledge the receipt of the documentation from the supplier .


### the fuel efficiency class shall be determined and illustrated on the label on the basis of the rolling resistance coefficient according to the ‘ a’ to ‘ g’ scale specified below and measured in accordance with annex 6 to unece regulation no 117 and its subsequent amendments and aligned according to the procedure laid down in annex vi . ### the fuel efficiency class shall be determined and illustrated on the label on the basis of the rolling resistance coefficient according to the ‘ a’ to ‘ g’ scale specified below and in accordance with annex 6 to unece regulation no 117 and its subsequent amendments and aligned according to the procedure laid down in annex vi .


### the external rolling noise class shall be determined and illustrated on the label on the basis of the limit values set out in part c of annex ii of regulation no 661 / 2009 as follows . ### the external rolling noise class shall be determined and illustrated on the label in accordance with the limit values stage 2 set out in paragraphs 6 . 1 . 1 , 6 . 1 . 2 and 6 . 1 . 3 of unece regulation no 117 .


### a tyre which satisfies the minimum ice index value set out in iso 19447 shall be classified as an ice tyre and the following icon shall be included on the label . ### a tyre which satisfies the minimum ice index value set out in iso 19447 and type approved according to the snow performance in unece regulation no 117 shall be classified as an ice tyre and the following icon may be included on the label . only one logo at a time may be included on the label , either snow or ice grip .


### on 17 november 2017 , the european pillar of social rights was jointly proclaimed by the european parliament , the council and the commission as a response to social challenges in europe . the twenty key principles of the pillar are structured around three categories : equal opportunities and access to the labour market ; fair working conditions ; social protection and inclusion . the twenty principles of the european pillar of social rights should guide the actions under the european social fund plus . in order to contribute to the implementation of the european pillar of social rights the esf + should support investments in people and systems in the policy areas of employment , education and social inclusion , thereby supporting economic , territorial and social cohesion in accordance with article 174 tfeu . ### on 17 november 2017 , the european pillar of social rights was jointly proclaimed by the european parliament , the council and the commission as a response to social challenges in europe and to appeals from the public to consolidate the social dimension of the union . the twenty key principles of the pillar are structured around three categories : equal opportunities and access to the labour market ; fair working conditions ; social protection and inclusion . the twenty principles of the european pillar of social rights should guide the actions under the european social fund plus , which should reflect the rights and principles contained in the charter of fundamental rights of the european union . in order to contribute to the implementation of the european pillar of social rights the esf + should support investments in people and systems in the policy areas of employment , education and social inclusion , thereby supporting economic , territorial and social cohesion in accordance with articles 174 and 175 tfeu .


### the union is confronted with structural challenges arising from economic globalisation , the management of migration flows and the increased security threat , clean energy transition , technological change and an increasingly ageing workforce and growing skills and labour shortages in some sectors and regions , experienced especially by smes . taking into account the changing realities of the world of work , the union should be prepared for the current and future challenges by investing in relevant skills , making growth more inclusive and by improving employment and social policies , including in view of labour mobility . ### the union is confronted with structural challenges arising from economic globalisation , the management of migration flows and the increased security threat , clean energy transition , technological change and an increasingly ageing workforce and growing skills and labour shortages in some sectors and regions , experienced especially by smes . at the same time , the union should respond to the social challenges posed by persistently high rates of poverty and social exclusion , and unemployment which is over twice the overall rate among young people , as well as problems concerning the integration of third - country nationals . taking into account the changing realities of the world of work , the union should be prepared for the current and future challenges by investing in relevant skills , making growth more inclusive and by improving education and training policies and employment and social policies , including in respect of labour mobility .