### according to the legal framework for the authorisation of gmos , the level of protection of human / animal health and of the environment chosen in the eu cannot be revised by a member state and this situation must not be altered . however member states may adopt measures restricting or prohibiting the cultivation of all or particular gmos in all or part of their territory on the basis of grounds relating to the public interest other than those already addressed by the harmonised set of eu rules which already provide for procedures to take into account the risks that a gmo for cultivation may pose on health and the environment . those measures should furthermore be in conformity with the treaties , in particular as regards the principle of non discrimination between national and non national products and articles 34 and 36 of the treaty on the functioning of the european union , as well as with the relevant international obligations of the union , notably in the context of the world trade organisation . ### according to the legal framework for the authorisation of gmos , the level of protection of human / animal health and of the environment chosen in the eu cannot be reduced by a member state and this situation must not be altered . however member states may adopt measures restricting or prohibiting the cultivation of all or particular gmos in all or part of their territory on the basis of grounds relating to the public interest other than those already addressed by the harmonised set of eu rules which already provide for procedures to take into account the risks that a gmo for cultivation may pose on health and the environment . those measures should furthermore be in conformity with the treaties , in particular as regards the principle of non discrimination between national and non national products and articles 34 and 36 of the treaty on the functioning of the european union , as well as with the relevant international obligations of the union , notably in the context of the world trade organisation .


### experience with the current financial framework shows that many member states , which are eligible to the cohesion fund , are facing significant obstacles in delivering on time complex cross - border transport infrastructure projects with a high union added value . therefore , in order to improve the delivery of transport projects , in particular cross - border ones , with a high union added value , part of the cohesion fund allocation should be transferred to finance transport projects on the transport core network in the member states eligible to the cohesion fund under the connecting europe facility . the commission should support member states eligible to the cohesion fund to develop an adequate pipeline of projects in order to give greatest possible priority to the national allocations under the cohesion fund . ### experience with the current financial framework shows that many member states , which are eligible to the cohesion fund , are facing significant obstacles in delivering on time complex cross - border transport infrastructure projects with a high union added value . therefore , in order to improve the delivery of transport projects , in particular cross - border ones , with a high union added value , part of the cohesion fund allocation should be transferred to finance transport projects on the transport core network in the member states eligible to the cohesion fund respecting national allocations for the projects listed in the annex of this regulation . the commission should support member states eligible to the cohesion fund to develop an adequate pipeline of projects in order to give greatest possible priority to the national allocations under the cohesion fund .


### a participant to a securities settlement system that fails to deliver the financial instruments referred to in article 5 to the receiving participant on the intended settlement date shall be subject to a buy - in whereby those instruments shall be bought in the market no later than four days after the intended settlement date and delivered to that receiving participant and other measures in accordance with paragraph 4 . ### a participant to a securities settlement system that fails to deliver the financial instruments referred to in article 5 to the receiving participant on the intended settlement date shall be subject to a buy - in whereby those instruments shall be bought in the market within four days of the date on which settlement was due and delivered to that receiving participant and shall comply with the binding measures in accordance with paragraph 4 .


### where the execution of the buy - in is not possible , the amount of cash compensation paid to the receiving participant is higher than the price of the financial instruments agreed at the time of the trade and the last publicly available price for such instruments on the trading venue where the trade took place , and is sufficiently deterrent for the defaulting participant ; ### where the execution of the buy - in is not possible , the amount of cash compensation paid to the receiving participant is substantially higher than the price of the financial instruments agreed at the time of the trade and the last publicly available price for such instruments on the trading venue where the trade took place , and is thus sufficiently deterrent for the defaulting participant ;


### a csd shall account separately for costs and revenues of the services provided and shall disclose that information to the competent authority . ### a csd shall account separately for costs and revenues of the core and ancillary services provided , as they are defined in section a and section b of the annex , and shall disclose that information to the competent authority .


### in the light of advice from ices and stecf certain technical conservation measures in the west of scotland , celtic sea and irish sea to protect rockall haddock , cod , haddock and whiting stocks should be maintained to contribute to the conservation of fish stocks . ### in the light of advice from ices and stecf certain technical conservation measures in the celtic sea and irish sea to protect cod , haddock and whiting stocks should be maintained to contribute to the conservation of fish stocks .


### by way of derogation from paragraph 1 , it shall be permitted to conduct fishing activities using inshore static nets fixed with stakes , scallop dredges , mussel dredges , handlines , mechanised jigging , draft nets and beach seines , pots and creels within the specified areas and time periods , provided that : ### by way of derogation from paragraph 1 , it shall be permitted to conduct fishing activities using inshore static nets fixed with stakes , scallop dredges and gears that target queen scallops , mussel dredges , handlines , mechanised jigging , draft nets and beach seines , pots and creels within the specified areas and time periods , provided that :


### the fishing gear used incorporates a sorting grid in accordance with annex xiva ; or a square - mesh panel as described in annex xivc ; ### the fishing gear used incorporates a sorting grid in accordance with annex xiva ; or a square - mesh panel as described in annex xivc ; or equivalent highly selective gear that has been approved by stecf .


### ‘ agent’ means a natural or legal person which acts on behalf of a payment institution in providing payment services ; ### ‘ agent’ means a natural or legal person which acts on behalf of and at the expense of a payment institution in providing payment services ;


### ‘ durable medium’ means any instrument which enables the payment service user to store information addressed personally to of that payment service user in a way accessible for future reference for a period of time adequate to the purposes of the information and which allows the unchanged reproduction of the information stored ; ### ‘ durable medium’ means any instrument which enables the payment service user to store information addressed personally to that payment service user in a way easily accessible to him / her for future reference for a period of time adequate to the purposes of the information and which allows the unchanged reproduction of the information stored ;


### a programme of operations , setting out in particular the type of payment services envisaged ; ### a programme of operations , setting out all the types of payment services envisaged ;


### a description of the procedure in place to monitor , handle and follow up a security incident and security related customer complaints , including an incidents reporting mechanism which takes account of the notification obligations of the payment institution laid down in article 86 ; ### a description of the procedure in place to monitor , handle , follow up and resolve a security incident and security related customer complaints , including an incidents reporting mechanism which takes account of the notification obligations of the payment institution laid down in article 86 ;


### a description on the principles and definitions applied for the collection of the statistical data performance , transactions and fraud ; ### a description of the principles and definitions applied for the collection of the statistical data on performance , transactions and fraud , which must be in accordance with the applicable national law and with eu law ;


### member states may stipulate that the burden of proof shall lie with the payment service provider to prove that it has complied with the information requirements set out in this title . ### the burden of proof shall lie with the payment service provider to prove that it has complied with the information requirements set out in this title .


### a description of the main characteristics of the payment service to be provided ; ### a clear description of the main characteristics of the payment service to be provided ;


### to make sure that the personalised security features of the payment instrument are not accessible to parties other than the payment service user entitled to use the payment instrument , without prejudice to the obligations on the payment service user set out in article 61 ; ### to make sure that the personalised security features of the payment instrument are indeed secure and are not accessible to parties other than the payment service user entitled to use the payment instrument , without prejudice to the obligations on the payment service user set out in article 61 ;


### in the event of infringement or suspected infringement of the provisions of national law adopted pursuant to titles iii and iv , the competent authorities referred to in paragraph 1 of this article shall be those of the home member state of the payment service provider , except for agents and branches conducted under the right of establishment where the competent authorities shall be those of the host member state . ### in the event of infringement or suspected infringement of the provisions of national law adopted pursuant to titles iii and iv , the competent authorities referred to in paragraph 1 of this article shall be those of the host member state of the payment service provider .


### member states shall ensure that payment service providers put in place adequate and effective consumer complaint resolution procedures for the settlement of complaints of payment service users concerning the rights and obligations arising under this directive . ### member states shall ensure that payment service providers put in place and apply adequate and effective consumer complaint resolution procedures for the settlement of complaints of payment service users concerning the rights and obligations arising under this directive , and shall monitor their performance in that regard .


### member states shall ensure that adequate and effective out - of - court complaint and redress procedures for the settlement of disputes between payment service users and payment service providers concerning the rights and obligations arising under this directive are established according to the relevant national and union legislation , using existing bodies where appropriate . member states shall ensure that such procedures are applicable to payment service providers and that they also cover the activities of appointed representatives . ### member states shall ensure that adequate and effective out - of - court complaint and redress procedures for the settlement of disputes between payment service users and payment service providers concerning the rights and obligations arising under this directive are established according to the relevant national and union legislation , using existing competent bodies where appropriate . member states shall ensure that such procedures are applicable to and accessible by both users of payment services and payment service providers and that they also cover the activities of appointed representatives .


### a delegated act adopted pursuant to article 93 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 93 shall enter into force only if no objection has been expressed either by the european parliament or the council within a period of three 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 .


### where a member state makes use of any of the options referred to in paragraph 1 , it shall inform the commission thereof as well as of any subsequent changes . the commission shall make the information public on a web - site or other easily accessible means . ### where a member state makes use of any of the options referred to in paragraph 1 , it shall inform the commission thereof as well as of any subsequent changes . the commission shall make the information public on a web - site or other easily accessible means and shall advise parliament of it at the same time .


### the delegation of power referred to in article 7a , the second subparagraph of article 7b , articles 7d , 7d , 7d , 8a and 10 shall be conferred for an indeterminate period of time from the date of entry into force of this directive . ### the delegation of power referred to in articles 7a , 7d , 7d , 8a and 10 shall be conferred for a period of five years from the date of entry into force of this directive .


### in order to carry out the activities provided for in this regulation , member states should be allowed to levy fees . however , member states should not require multiple payments to different bodies assessing , in a given member state , an application for authorisation of a clinical trial . ### in order to carry out the activities provided for in this regulation , member states should be allowed to levy fees .


### european standardisation also helps to boost the competitiveness of enterprises by facilitating in particular the free movement of goods and services , network interoperability , means of communication , technological development and innovation . standards produce significant positive economic effects , for example by promoting economic interpenetration on the internal market and encouraging the development of new and improved products or markets and improved supply conditions . standards thus normally increase competition and lower output and sales costs , benefiting economies as a whole . standards may maintain and enhance quality , provide information and ensure interoperability and compatibility , thereby increasing value for consumers . ### european standardisation can also help to boost the competitiveness of enterprises by facilitating in particular the free movement of goods and services , network interoperability , means of communication , technological development and innovation . standards promote economic interpenetration on the internal market and can encourage the development of new and improved products or markets and improved supply conditions . standards thus normally increase competition and lower output and sales costs , benefiting economies as a whole . standards may help to maintain and enhance quality and function as an indicator of interoperability and compatibility .


### in its communication ‘ a digital agenda for europe’ the commission announced that public sector websites should be fully accessible by 2015 . ### in its communication entitled ' a digital agenda for europe ' , a europe 2020 initiative , the commission announced that public sector websites should be fully accessible by 2015 .


### the conformity with web - accessibility requirements should be continuously monitored from the initial construction of the public sector bodies ' website to all subsequent updates of its content . a harmonised monitoring methodology would cover a way of verifying , on a uniform basis in all members states , the degree of compliance of the website with the requirements for web - accessibility , the collection of representative samples and the periodicity of the monitoring . . member states should report annually on the outcome of the monitoring and more generally on the list of actions taken in application of this directive . ### the conformity with web - accessibility requirements should be continuously monitored from the initial construction of the public sector bodies ' website to all subsequent updates of its content . a harmonised monitoring methodology would cover a way of verifying , on a uniform basis in all members states , the degree of compliance of the website with the requirements for web - accessibility , the collection of representative samples and the periodicity of the monitoring . . member states should report annually on the outcome of the monitoring and more generally on the list of actions taken in application of this directive , which shall be open to the public .


### in a harmonised framework , the web - developers industry should face fewer barriers to operate in the internal market , while costs for governments and others procuring web - accessibility products and services should be reduced . ### in a harmonised framework , the web - developers industry should face fewer barriers to operate in the internal market , while costs for governments and others procuring web - accessibility products and services should be reduced which would contribute to economic growth and employment .


### the climate change monitoring service shall provide information to increase the knowledge base to support adaptation and mitigation policies . it shall in particular contribute to the provision of essential climate variables , climate analyses and projections at temporal and spatial scales relevant to adaptation and mitigation strategies for the various union’s sectorial and societal benefit areas ; ### the climate change monitoring service shall provide information to increase the knowledge base to support adaptation and mitigation policies , where mitigation is assumed to be a realistic possibility . it shall in particular contribute to the provision of essential climate variables , climate analyses and projections at temporal and spatial scales relevant to adaptation and mitigation strategies – where mitigation is assumed to be a realistic possibility – for the various union’s sectorial and societal benefit areas ;


### in order to ensure high standards of animal and public health in the union , the rational development of the agriculture and aquaculture sectors and to increase productivity , animal health rules should be laid down at union level . these rules are necessary , inter alia , to contribute to the completion of the internal market , and to avoid the spread of infectious diseases . ### pursuant to the lisbon treaty , regulation of animal health is not a matter falling within the remit of the eu , and should therefore be decided at the level of the national member states in accordance with the subsidiarity principle .


### before appointment , the candidate selected by the management board may be invited to make a statement before the competent committee of the european parliament and to answer questions from its / their members . ### before appointment , the candidate selected by the management board shall be invited to make a statement before the competent committee or committees of the european parliament and to answer questions from its / their members .


### the european parliament and the council may object to the delegated act within a period of two months from the date of notification . at the initiative of the european parliament or the council , that period shall be extended by one month . ### the european parliament and the council may object to the delegated act within a period of three months from the date of notification . at the initiative of the european parliament or the council , that period shall be extended by one month .


### the eu is densely populated and by 2020 , 80% of the eu population is likely to live in urban and peri - urban areas . quality of life will be directly influenced by the state of the urban environment . the environmental impacts of cities also spread well beyond their physical limits , as they rely heavily on peri - urban and rural regions to meet demand for food , energy , space and resources , and to accommodate waste . ### the eu is densely populated and by 2020 , 80% of the eu population is likely to live in urban and peri - urban areas . quality of life will be directly influenced by the state of the urban environment . the environmental impacts of cities also spread well beyond their physical limits , as they rely heavily on peri - urban and rural regions to meet demand for food , energy , space and resources , and to accommodate waste . special attention should therefore be devoted to promoting rural areas and creating new jobs in the rural sector .


### ' qualifying venture capital fund ' means a collective investment undertaking that invests at least 70 percent of its aggregate capital contributions and uncalled committed capital in assets that are qualifying investments ; ### ' qualifying venture capital fund ' means a collective investment undertaking that invests at least 70 percent of its aggregate capital contributions and uncalled committed capital in assets that are qualifying investments , irrespective of whether that collective investment undertaking is of the open - ended or closed - ended type ;


### the labelling provisions also need to be adapted to new scientific evidence . for example the indication of the yields for tar , nicotine and carbon monoxide on cigarette packets have proven to be misleading as it makes consumers believe that certain cigarettes are less harmful than others . evidence also suggests that large combined health warnings are more effective than text - only warnings . in this light combined health warnings should become mandatory throughout the union and cover significant and visible parts of the packet surface . a minimum size should be set for all health warnings to ensure their visibility and effectiveness . ### the labelling provisions also need to be adapted to new scientific evidence . for example the indication of the yields for tar , nicotine and carbon monoxide on cigarette packets have proven to be misleading as it makes consumers believe that certain cigarettes are less harmful than others . evidence also suggests that large combined health warnings are more effective than text - only warnings . in this light combined health warnings should become mandatory throughout the union and cover visible parts of the packet surface . a minimum size should be set for all health warnings to ensure their visibility and effectiveness and a maximum size in order to avoid interfering disproportionately with intellectual property of the charter of fundamental rights of the eu ) and entrepreneurial freedom .


### in order to ensure the integrity and the visibility of health warnings and maximise their efficacy , provisions should be made regarding the dimension of the warnings as well as regarding certain aspects of the appearance of the tobacco package , including the opening mechanism . the package and the products may mislead consumers , in particular young people , suggesting that products are less harmful . for instance , this is the case with certain texts or features , such as ‘ low - tar’ , ‘ light’ , ‘ ultra - light’ , ‘ mild’ , ' natural ' , ' organic ' , ‘ without additives’ , ‘ without flavours’ , ' slim ' , names , pictures , and figurative or other signs . likewise , the size and appearance of individual cigarettes can mislead consumers by creating the impression that they are less harmful . a recent study has also shown that smokers of slim cigarettes were more likely to believe that their own brand might be less harmful . this should be addressed . ### in order to ensure the integrity and the visibility of health warnings and maximise their efficacy , provisions should be made regarding the dimension of the warnings as well as regarding certain aspects of the appearance of the tobacco package , including the opening mechanism . the package and the products may mislead consumers , in particular young people , suggesting that products are less harmful . for instance , this is the case with certain texts or features , such as ‘ low - tar’ , ‘ light’ , ‘ ultra - light’ , ‘ mild’ , ‘ natural’ , ‘ organic’ , ‘ without additives’ , ‘ without flavours’ , ‘ slim’ , names , pictures , and figurative or other signs . a recent study has also shown that smokers of slim cigarettes were more likely to believe that their own brand might be less harmful . this should be addressed .


### member states should remain free to maintain or introduce national legislations applying to all products alike for aspects falling outside the scope of this directive , provided they are compatible with the treaty and do not jeopardise the full application of this directive . accordingly , member states could , for instance , maintain or introduce provisions providing standardisation of packaging of tobacco products provided that those provisions are compatible with the treaty , with wto obligations and do not affect the full application of this directive . a prior notification is required for technical regulations pursuant to directive 98 / 34 / ec of the european parliament and of the council of 22 june 1998 laying down a procedure for the provision of information in the field of technical standards and regulations and on rules on information society services . ### member states should be able to adopt stricter regulations concerning tobacco products which they consider necessary to protect public health , provided that these regulations do not fall within the scope of the provisions of this directive . provided that tobacco products or related products comply with the requirements of this directive , member states may neither prohibit nor restrict the import , sale or consumption of such products .


### ' characterising flavour ' means a distinguishable aroma or taste other than tobacco , resulting from an additive or combination of additives , including but not limited to fruit , spice , herb , alcohol , candy , menthol or vanilla observable before or upon intended use of the tobacco product ; ### ' characterising flavour ' means a distinguishable aroma or taste other than tobacco , resulting from an additive or combination of additives , including but not limited to fruit , spice , herb , alcohol , candy or vanilla observable before or upon intended use of the tobacco product ;


### member states shall deploy no later than 1 october 2015 the necessary ecall psap infrastructure required for the proper receipt and handling of all ecalls , if necessary purged of non - emergency calls , on their territory , in accordance with the specifications laid down by delegated regulation no 305 / 2013 , in order to ensure the compatibility , interoperability and continuity of the interoperable eu - wide ecall service . this is without prejudice to the right of each member state to organise its emergency services in the way most cost effective and appropriate to its needs , including the possibility to filter calls that are not emergency calls and may not be handled by ecall psaps , in particular in the case of manually triggered ecalls . ### if they consider it desirable , member states may deploy the ecall psap infrastructure . it should be stressed that member states have and must retain the right to organise their emergency services as they see fit .


### “however , in cases where the irregularities in operations which have been subject to a declaration of partial closure are detected by controls carried out by the member state , article 98 and shall apply . the statement of expenditure referred to in point of paragraph 2 of this article shall be adjusted accordingly . ” ### “however , in cases where the member state has detected and rectified irregularities in operations which have been subject to a declaration of partial closure , article 98 and shall apply . the statement of expenditure referred to in point of paragraph 2 of this article shall be adjusted accordingly . ”


### council regulation no 1605 / 2002 of 25 june 2002 on the financial regulation applicable to the general budget of the european communities , lays down the budgetary principles and financial rules which should be respected in all legislative acts . it is necessary to amend certain provisions of the financial regulation in order to take account of the amendments introduced by the treaty of lisbon . ### council regulation no 1605 / 2002 of 25 june 2002 on the financial regulation applicable to the general budget of the european communities , lays down the budgetary principles and financial rules which should be respected in all legislative acts . it is , however , democratically undesirable to amend certain provisions of the financial regulation in order to take account of the amendments introduced by the treaty of lisbon .


### the treaty of lisbon establishes a european external action service . according to the conclusions of the european council of 29 and 30 october 2009 , the eeas is a service of a sui generis nature and should be treated as an institution for the purposes of the financial regulation . ### the undemocratically introduced treaty of lisbon can never establish a european external action service .


### projects of common interest falling under the categories set out in points 1 and 4 of annex ii shall be also eligible for union financial support in the form of grants for works in accordance with the provisions of [ regulation of the european parliament and the council establishing the connecting europe facility ] , if the concerned project promoters can clearly demonstrate the significant positive externalities generated by the projects and their lack of commercial viability . ### projects of common interest falling under the categories set out in points 1 and 4 of annex ii shall be also eligible for union financial support in the form of grants , loans or loan guarantees for works in accordance with the provisions of [ regulation of the european parliament and the council establishing the connecting europe facility ] , if the concerned project promoters can clearly demonstrate the significant positive externalities generated by the projects and their lack of commercial viability .


### where a beneficiary country violates the principles on which the union is founded , or fails to respect the commitments contained in the relevant agreements concluded with the union , or makes insufficient progress with respect to the accession criteria , the council , on a proposal from the commission , should be able to take appropriate measures to redress the situation . ### where a beneficiary country violates the principles on which the union is founded , or fails to respect the commitments contained in the relevant agreements concluded with the union , or makes insufficient progress with respect to the accession criteria , the council , on a proposal from the commission , should be able to take appropriate measures to redress the situation , including halting pre - accession assistance .


### the financial reference amount for the implementation of this regulation for the period from 2014 to 2020 shall be eur&#160 ; 14&#160 ; 110&#160 ; 100&#160 ; 000 . up to 3% of the financial reference amount shall be allocated to cross - border cooperation programmes between beneficiary countries and eu member states . ### the financial reference amount for the implementation of this regulation for the period from 2014 to 2020 shall be eur&#160 ; 11&#160 ; 668&#160 ; 000&#160 ; 000 . up to 3% of the financial reference amount shall be allocated to cross - border cooperation programmes between beneficiary countries and eu member states .


### the financial envelope available for implementing this regulation over the period 2014 to 2020 shall be eur&#160 ; 18&#160 ; 182&#160 ; 300&#160 ; 000 . up to 5% of the financial envelope shall be allocated to the cross - border cooperation programmes referred to in article 6 . ### the financial envelope available for implementing this regulation over the period 2014 to 2020 shall be eur&#160 ; 18&#160 ; 182&#160 ; 300&#160 ; 000 . up to 7% of the financial envelope shall be allocated to the cross - border cooperation programmes and inter - regional cooperation programmes within a single country referred to in article 6 .


### accelerating the refurbishment of existing and deployment of new energy infrastructure is vital to achieve the union ' s energy and climate policy objectives , consisting in completing the internal market in energy , guaranteeing security of supply , notably for gas and oil , reducing greenhouse gas emissions by 20%19 , increasing the share of renewable energy in the final energy consumption to 20% and achieving a 20% increase in energy efficiency by 2020 . at the same time , the union has to prepare its infrastructure for further decarbonisation of its energy system in the longer term towards 2050 . ____________________ 1930% if the conditions are right ### accelerating the refurbishment of existing and deployment of new energy infrastructure is vital to achieve the union ' s energy and climate policy objectives , consisting in completing the internal market in energy , guaranteeing security of supply , notably for gas and oil , reducing greenhouse gas emissions by 20%19 , while at the same time ensuring site protection , the competitiveness of european undertakings and ongoing employment protection , increasing the share of renewable energy in the final energy consumption to 20% and achieving a 20% increase in energy efficiency by 2020 . at the same time , the union has to prepare its infrastructure for further decarbonisation of its energy system in the longer term towards 2050 . ____________________


### super - credits for 95 g co2 / km target in calculating the average specific emissions of co2 , each new passenger car with specific emissions of co2 of less than 35 g co2 / km shall be counted as 1 . 3 passenger cars in the period from 2020 to 2023 and as 1 passenger car from 2024 onwards . 2 . the maximum number of new passenger cars to be taken into account in the application of the multipliers set out in paragraph 1 for the period 2020 to 2023 shall not exceed a cumulative total of 20 000 new registrations of passenger cars per manufacturer . ' ### super - credits in calculating the average specific emissions of co2 , each new passenger car with specific emissions of co2 of less than 50 g co2 / km shall be counted as : - 2 cars in 2020 ; - 1 . 7 cars in 2021 ; - 1 . 5 cars in 2022 ; - 1 . 3 car in 2023 - 1 from 2024 2 . the maximum number of new passenger cars to be taken into account in the application of the multipliers set out in paragraph 1 for a specific year shall not exceed 2% of the cumulative total new registrations of passenger cars per manufacturer .


### have a website enabling the parties to submit a complaint online ; ### have a website enabling the parties to submit a complaint online , and that website shall be functionally linked to the european online dispute resolution platform in accordance with regulation no [ . . . ] / 2012 of the european parliament and of the council of [ . . . ] [ on online dispute resolution for consumer disputes ] ;


### the need for the physical presence of the parties or of their representatives , if applicable ; and ### the need for the physical presence of the parties or of their representatives , if applicable , with an indication of the options for settling the dispute without the physical presence of the parties or of their representatives if they are domiciled or normally resident in different member states ; and


### it is in the union ' s interest to deepen its relations with partners who are playing an increasingly important role in the international economy and trade , in south - south trade and cooperation , in multilateral fora including group of twenty finance ministers and central bank governors , in global governance and in addressing challenges of global concern . the union needs to build comprehensive partnerships with new players on the international scene , in order to promote a stable and inclusive international order , pursue common global public goods , defend core interests of the union and increase knowledge of the union in these countries . ### it is in the union ' s interest to deepen its relations with partners who are playing an increasingly important role in global governance and in addressing challenges of global concern , in international economy and trade , including in south - south trade and cooperation , in multilateral fora including group of twenty finance ministers and central bank governors . the union needs to build comprehensive partnerships with powers emerging on the international scene , in order to promote a stable and inclusive international order , pursue common global public goods , defend core interests of the union and increase knowledge of the union in these countries . to this aim , it has to conduct a thorough re - evaluation of its currently existing ' strategic partnerships ' , which have become too heterogeneous in terms of form and content , and focus its actions more on countries which are truly strategic for its interests ;


### promotion of diversified cooperation and partnership initiatives within a single instrument should , furthermore , allow economies of scale , synergy effects , greater effectiveness , more streamlined decision - making and management and a high degree of visibility for the union ' s external action . ### promotion of diversified cooperation and partnership initiatives within a single instrument should , furthermore , allow economies of scale , synergy effects , greater effectiveness , more streamlined decision - making and management and a high degree of visibility for the union ' s external action . in particular , the latter should be reinforced by a strong engagement of the eeas and most notably of the union ' s delegations in projects conducted within the scope of this instrument .


### as referred to in article 13 , paragraph 2 of the ‘ erasmus for all’ regulation , in order to promote the international dimension of higher education , an indicative amount of eur 1 812 100 000 from the different external instruments , will be allocated to actions of learning mobility to or from non eu countries and to cooperation and policy dialogue with authorities / institutions / organisations from these countries . the provisions of the ‘ erasmus for all’ regulation will apply to the use of those funds . ### as referred to in article 13 , paragraph 2 of the ‘ erasmus for all’ regulation , in order to promote the international dimension of higher education and youth exchange , an indicative amount of eur 1 812 100 000 from the different external instruments , will be allocated to actions of learning mobility to or from non eu countries and to cooperation and policy dialogue with authorities / institutions / civil society organisations from these countries . the provisions of the ‘ erasmus for all’ regulation will apply to the use of those funds .


### a valid work contract or , as provided for in national law , a binding job offer to work as a seasonal worker in the member state concerned with an employer established in the member state that specifies the rate of pay and the working hours per week or month and , when applicable , other relevant working conditions ; ### a valid fixed - term work contract or , as provided for in national law , a binding offer to the seasonal worker of a job in order to work in that capacity in the member state concerned with an employer established in the member state that specifies the rate of pay and the working hours per week or month and , when applicable , other relevant working conditions ;


### the union and the member states should improve the consistency and the complementarity of their respective policies on development cooperation , in particular by responding to partner countries ' and regions ' priorities at country and regional level . to ensure that the union ' s development cooperation policy and that of the member states complement and reinforce each other , it is appropriate to provide for joint programming procedures which should be implemented whenever possible and relevant . ### in accordance with the subsidiarity principle , development policy is a task for the member states and not for the union .


### consumers should be guaranteed access to a range of basic payment services , for which a minimum number of operations shall be determined by member states in a way that should take into account both the needs of the consumers and the commercial practices in the member state concerned . beyond this list of minimum services , banks may apply their regular fees . services linked to basic payment accounts should include the facility to deposit and withdraw money . consumers should be able to undertake essential payment transactions such as receiving income or benefits , paying bills or taxes and purchasing goods and services , including via direct debit , credit transfer and the use of a payment card . such services should allow the purchase of goods and services online and should give consumers the opportunity to initiate payment orders via the payment service provider’s online banking facility , where available . however , a payment account with basic features should not be restricted to online usage as this would create an obstacle for consumers without internet access . consumers should not be given access to an overdraft facility with a payment account with basic features . however , member states may allow payment services providers to offer buffering facilities for very small amounts in relation to payment accounts with basic features . ### consumers should be guaranteed access to a range of basic payment services , for which a minimum number of operations shall be determined by member states in a way that should take into account both the needs of the consumers and the commercial practices in the member state concerned . beyond this list of minimum services , banks may apply their regular fees . services linked to basic payment accounts should include the facility to deposit and withdraw money . consumers should be able to undertake essential payment transactions such as receiving income or benefits , paying bills or taxes and purchasing goods and services , including via direct debit , credit transfer and the use of a payment card . such services should allow the purchase of goods and services online and should give consumers the opportunity to initiate payment orders via the payment service provider’s online banking facility , where available . however , a payment account with basic features should not be restricted to online usage as this would create an obstacle for consumers without internet access . consumers should not be given access to an overdraft facility with a payment account with basic features .


### the authorities referred to in paragraph 1 shall possess all the powers necessary for the performance of their duties . where more than one competent authority is empowered to ensure and monitor effective compliance with this directive , member states shall ensure that those authorities collaborate closely so that they can discharge their respective duties effectively . ### the authorities referred to in paragraph 1 shall possess all the powers necessary for the performance of their duties . where more than one competent authority is empowered to ensure and monitor effective compliance with this directive , member states shall ensure that those authorities collaborate closely so that they can discharge their respective duties effectively . those authorities shall closely cooperate with the competent authorities of other member states to ensure the correct and full application of the measures established in this directive .


### horizon 2020 should be implemented with a view to contributing directly to creating industrial leadership , growth and employment in europe and should reflect the strategic vision of the commission communication of 6 october 2010 to the european parliament , the council , the european economic and social committee and the committee of the region ' europe 2020 flagship initiative innovation ' whereby the commission engages to radically simplify access of participants . ### horizon 2020 should be implemented with a view to contributing directly to improving public well - being , ensuring social , economic and environmental sustainability and creating industrial leadership , prosperity , growth and employment in europe and should reflect the strategic vision of the commission communication of 6 october 2010 to the european parliament , the council , the european economic and social committee and the committee of the region ' europe 2020 flagship initiative innovation ' whereby the commission engages to radically simplify access of participants .


### in order to enhance transparency , the names of experts that have assisted the commission or relevant funding bodies in application of this regulation should be published . where the publication of the name would endanger the security or integrity of the expert or would unduly prejudice his or her privacy , the commission or funding bodies should be able to refrain from the publication of such names . ### in order to enhance transparency , the names of experts that have assisted the commission or relevant funding bodies in application of this regulation should be published . where the publication of the name would endanger the security or integrity of the expert or would unduly prejudice his or her privacy , in exceptional cases , the commission or funding bodies may refrain from the publication of such names .


### an evaluation review committee composed of commission staff or of the relevant funding body staff shall provide an opinion on the procedural aspects of the evaluation process . it shall be chaired by an official of the commission or of the relevant funding body , from a department other than the one responsible for the call for proposals . the committee may recommend one of the following : ### an evaluation review committee composed of commission staff or of the relevant funding body staff shall provide an opinion on the procedural aspects of the evaluation process . it shall be chaired by an official of the commission or of the relevant funding body , from a department other than the one responsible for the call for proposals ; the committee shall select an independent expert from the database referred to in article 37 of this regulation ; the expert shall give an opinion on whether to examine the proposal under consideration on its merits , the final decision shall , however , be taken by the committee chair . the committee may recommend one of the following :


### appropriate measures shall be taken to seek gender balance and geographical diversity when appointing independent experts . ### appropriate measures shall be taken to seek gender balance and geographical diversity when appointing independent experts , also to ensure that no specific interest group is overrepresented , which could compromise the impartiality of the decision - making process .


### in the case of actions involving security - related activities , the grant agreement may lay down specific provisions , in particular on changes to the consortium ' s composition , classified information , exploitation , dissemination , transfers and licences of results . ### in the case of actions involving security - related activities and activities which are justified on public health grounds , the grant agreement may lay down specific provisions , in particular on changes to the consortium ' s composition , classified information , exploitation , dissemination , transfers and licences of results .


### in the case of erc frontier research actions , the grant agreement may lay down specific provisions , in particular on access rights , portability and dissemination , relating to participants , researchers and any party concerned by the action . ### in the case of erc frontier research actions or actions relating to a societal challenge as part of the ‘ health , demographic change and well - being’ section of the societal challenges strand , the grant agreement may lay down specific provisions , in particular on access rights , portability and dissemination , relating to participants , researchers and any party concerned by the action .


### the european council , at its special meeting in tampere on 15 and 16 october 1999 , acknowledged the need for harmonisation of national legislation governing the conditions for admission and residence of third - country nationals . in this context , it stated in particular that the european union should ensure fair treatment of third - country nationals residing lawfully on the territory of the member states and that a more vigorous integration policy should aim to grant them rights and obligations comparable to those of citizens of the european union . the european council accordingly asked the council to rapidly adopt the legal instruments on the basis of commission proposals . the need for achieving the objectives defined at tampere was reaffirmed by the hague program of 4 and 5 november 2004 . ### the european council , at its special meeting in tampere on 15 and 16 october 1999 , acknowledged the need for harmonisation of national legislation governing the conditions for admission and residence of third - country nationals . in this context , it stated in particular that the european union should ensure fair treatment of third - country nationals residing lawfully on the territory of the member states and that a more vigorous integration policy should aim to impose on them obligations comparable to those of citizens of the european union . the european council accordingly asked the council to rapidly adopt the legal instruments on the basis of commission proposals . the need for achieving the objectives defined at tampere was reaffirmed by the hague programme of 4 and 5 november 2004 .


### efficient management of the external borders through checks and surveillance contributes to combat illegal immigration and trafficking in human beings and to reduce the threats to the internal security , public policy , public health and international relations of the member states . ### efficient management of the external borders through effective checks and efficient surveillance contributes to combat illegal immigration and trafficking in human beings and to reduce the threats to the internal security , public policy , public health and international relations of the member states .


### cooperation with third countries regarding matters covered by regulation no 2007 / 2004 is increasingly important . to establish a solid cooperation model with relevant third countries the agency should have the possibility to launch and finance projects of technical assistance and to deploy liaison officers in third countries . the agency should have the possibility to invite representatives of third countries to participate in its activities , after having provided the necessary training . establishing cooperation with third countries is relevant also with regards to promoting the european standards of border management , including the respect of fundamental rights and human dignity . ### cooperation with third countries regarding matters covered by regulation no 2007 / 2004 is increasingly important . to establish a solid cooperation model with relevant third countries the agency should have the possibility to launch and finance projects of technical assistance and to deploy liaison officers in third countries . the agency should also have the possibility to invite representatives of third countries to participate in its activities , after having provided the necessary training . establishing cooperation with third countries is relevant also with regards to promoting the european standards of border management , including the respect of fundamental rights and human dignity .


### a single bank resolution fund is an essential element without which a single resolution mechanism could not work properly . different systems of national funding would distort the application of uniform bank resolution rules in the internal market . the fund should help to ensure a uniform administrative practice in the financing of resolution and to avoid the creation of obstacles for the exercise of fundamental freedoms or the distortion of competition in the internal market due to divergent national practices . the fund should be financed directly by banks and should be pooled at union level so that the resolution resources can be objectively allocated across member states thus increasing financial stability and limiting the link between the perceived fiscal position of individual member states and the funding costs of banks and undertakings operating in those member states . ### a single bank resolution fund is an essential element without which a single resolution mechanism could not work properly . different systems of national funding would distort the application of uniform bank resolution rules in the internal market . the fund should help to ensure a uniform administrative practice in the financing of resolution and to avoid the creation of obstacles for the exercise of fundamental freedoms or the distortion of competition in the internal market due to divergent national practices . the fund should be financed directly by banks and should be pooled at union level so that the resolution resources can be objectively allocated across member states thus increasing financial stability , contributing to growth in the internal market and limiting the link between the perceived fiscal position of individual member states and the costs of financing failing banks and undertakings operating in those member states .


### resolution plans shall be reviewed , and where appropriate updated , at least annually and after any changes to the legal or organisational structure of the institution or to its business or its financial position that could have a material effect on or require a change to the plan . ### resolution plans shall be reviewed , and where appropriate updated , at least annually and after any changes to the legal or organisational structure of the institution or to its business or its financial position , or any changes in national and / or eu - level law , that could have a material effect on or require a change to the plan .


### a valuation that does not comply with all the requirements laid down in this article shall be considered as provisional until an independent person has carried out a valuation that is fully compliant with all the requirements set out in this article . that ex post definitive valuation shall be carried out as soon as practicable . ### a valuation that does not comply with all the requirements laid down in this article shall be considered as provisional until an independent and impartial person has carried out a valuation that is fully compliant with all the requirements set out in this article . that ex post definitive valuation shall be carried out as soon as practicable .


### the appointment , removal or replacement of evaluators , administrators , accountants , lawyers and other professionals that may be necessary to assist the national resolution authority , and on the performance of their duties ; ### the appointment , removal or replacement of evaluators , administrators , accountants , lawyers and other professionals where this might be needed to assist the national resolution authority , and on the more effective performance of its duties ;


### any other matter that may be referred to by the board ; ### any other matter that may be referred to by the board in relation to the resolution procedure ;


### due to the specific tasks of the board , national parliaments of the participating member states , through their own procedures , may request the board to reply in writing to any observations or questions submitted by them to the board in respect of the functions of the board under this regulation . ### due to the specific tasks of the board , national parliaments of the participating member states , through their own procedures , may request the board to reply in writing to any observations or questions submitted by them to the board in respect of the functions of the board under this regulation . the board , for its part , shall undertake to submit its replies to the national parliaments of the participating member states within a reasonable time .


### processed lawfully , fairly and in a transparent manner in relation to the data subject ; ### processed lawfully , fairly and in a transparent manner ;


### accurate and kept up to date ; every reasonable step must be taken to ensure that personal data that are inaccurate , having regard to the purposes for which they are processed , are erased or rectified without delay ; ### accurate and , if necessary , kept up to date ; every reasonable step must be taken to ensure that personal data that are inaccurate , having regard to the purposes for which they are processed , are erased or , if this is not possible , blocked or rectified without delay ;


### processing is carried out in the course of its legitimate activities with appropriate safeguards by a foundation , association or any other non - profit - seeking body with a political , philosophical , religious or trade - union aim and on condition that the processing relates solely to the members or to former members of the body or to persons who have regular contact with it in connection with its purposes and that the data are not disclosed outside that body without the consent of the data subjects ; ### processing is carried out in the course of its legitimate activities with appropriate safeguards by a foundation , association or any other non - profit - seeking body with a political , philosophical , religious or trade - union aim and on condition that the processing relates solely to the members or to former members of the body or to persons who have regular contact with it in connection with its purposes and that the data are not disclosed to third parties without the consent of the data subjects ;


### where a processing operation is to be carried out on behalf of a controller , the controller shall choose a processor providing sufficient guarantees to implement appropriate technical and organisational measures and procedures in such a way that the processing will meet the requirements of this regulation and ensure the protection of the rights of the data subject , in particular in respect of the technical security measures and organizational measures governing the processing to be carried out and shall ensure compliance with those measures . ### where a processing operation is to be carried out on behalf of a controller , the controller shall choose a processor providing sufficient guarantees to implement appropriate technical and organisational measures and procedures in such a way that the processing will meet the requirements of this regulation and ensure the protection of the rights of the data subject , in particular in respect of the technical security measures and organizational measures governing the processing to be carried out ; the controller shall also ensure that those measures have been complied with .


### aggregating of different music repertoires for multi - territorial licensing facilitates the licensing process and , by making all repertoires accessible to the market for multi - territorial licensing , enhances cultural diversity and contributes to reducing the number of transactions an online service provider needs in order to offer that service . that aggregation of repertoires should facilitate the development of new online services , and should also result in a reduction of transaction costs that are passed on to consumers . therefore , collecting societies that are not willing to or are not able to grant multi - territorial licences directly in their own music repertoire should be encouraged to mandate other collecting societies voluntarily with the task of managing their repertoire under non - discriminatory terms . where the request to mandate takes place , the requested collecting society should be required to accept , provided that it aggregates repertoire and offers or grants multi - territorial licences . in addition , exclusivity in agreements on multi - territorial licenses would restrict the choices available to users seeking multi - territorial licenses and also restrict the choices available to collecting societies seeking administration services for their repertoire on a multi - territorial basis . therefore , all representation agreements between collecting societies providing for multi - territorial licensing should be concluded on a non - exclusive basis . ### aggregating of different music repertoires for multi - territorial licensing facilitates the licensing process and contributes to reducing the number of transactions an online service provider needs in order to offer that service . that aggregation of repertoires should facilitate the development of new online services , and should also result in a reduction of transaction costs that are passed on to consumers . therefore , collecting societies that are not willing to or are not able to grant multi - territorial licences directly in their own music repertoire should be encouraged to mandate other collecting societies voluntarily with the task of managing their repertoire under non - discriminatory terms . where the request to mandate takes place , the requested collecting society should be required to accept , provided that it aggregates repertoire and offers or grants multi - territorial licences . in addition , exclusivity in agreements on multi - territorial licenses would restrict the choices available to users seeking multi - territorial licenses and also restrict the choices available to collecting societies seeking administration services for their repertoire on a multi - territorial basis . therefore , all representation agreements between collecting societies providing for multi - territorial licensing should be concluded on a non - exclusive basis .


### for the purposes of this regulation , the fishing effort deployed by a group of vessels shall be calculated as the sum of the products of capacity - values in kw for each vessel and the number of days each vessel has been present within an area set out in annex i . a day present within an area shall be any continuous period of 24 hours or part thereof during which a vessel is present within the area and absent from port . ### for the purposes of this regulation , the fishing effort deployed by a group of vessels shall be calculated as the sum of the products of capacity - values in kw for each vessel and the number of days each vessel has been present within an area set out in annex i . a day present within an area shall be any continuous period of 24 hours or part thereof during which a vessel either is present within the area and absent from port or , as the case may be , has its fishing gear deployed within the area .


### article 9 is replaced by the following : ‘ article 9 special procedure for setting tacs where there is insufficient information to set the tacs in accordance with article 7 , the tacs for cod stocks in the kattegat , the west of scotland and the irish sea shall be set at a level indicated by scientific advice . however , if the level indicated by scientific advice is more than 20&#160 ; % greater than the tacs in the previous year , they shall be set at a level 20% greater than the tacs in the previous year , or if the level indicated by scientific advice is more than 25 % less than the tacs in the previous year they shall be set at a level 25 % less than the tacs in the previous year . 2 . where there is insufficient information to set the tacs in accordance with paragraph 1 , the tacs for cod stocks in the kattegat , the west of scotland and the irish sea shall be set at a level corresponding to : a 25&#160 ; % reduction compared to the tac in the previous year , or , if scientific advice so recommends , a reduction not exceeding 25 % , compared to the tac in the previous year , together with other appropriate measures . 3 . where there is insufficient information to set the tacs in accordance with article 8 , the tacs for the cod stock in the north sea , the skagerrak and the eastern channel shall be set by applying mutatis mutandis paragraphs 1 and 2 of this article , unless consultations with norway result in agreement on a different level of the tac . ’ ### article 9 is replaced by the following : ‘ article 9 special procedure for setting tacs where there is insufficient information to set the tacs in accordance with article 7 , the tacs for cod stocks in the kattegat , the west of scotland and the irish sea shall be set at a level indicated by scientific advice . however , if the level indicated by scientific advice is more than 20&#160 ; % greater than the tacs in the previous year , they shall be set at a level 20% greater than the tacs in the previous year , or if the level indicated by scientific advice is more than 20 % less than the tacs in the previous year they shall be set at a level 20 % less than the tacs in the previous year . 2 . by way of derogation from paragraph 1 , where scientific advice indicates that there should be no directed fisheries and that by - catch should be minimised or reduced to the lowest possible level , and / or the catches of cod should be reduced to the lowest possible level , the council may , decide not to apply annual adjustment to the total allowable catch in the subsequent year on condition that the tac set is for by - catch only . 3 . where there is insufficient information to set the tacs in accordance with article 8 , the tacs for the cod stock in the north sea , the skagerrak and the eastern channel shall be set by applying mutatis mutandis paragraphs 1 and 2 of this article , unless consultations with norway result in agreement on a different level of the tac . ’


### fishing effort deployed by a vessel during a trip may be excluded by the member states when counting the deployed effort against the maximum allowable fishing effort if : ### vessels shall be exempt from fishing effort for so long as one of the following conditions is met :


### based on the information provided by member states pursuant to paragraph 3 , and in accordance with scientific advice , the council shall establish a list of areas outside cod - distribution and a list of gears the technical attributes of which result in cod catches of less than 1 , 5 % of the total catches measured by weight . ### based on the information provided by member states pursuant to paragraph 3 , and in accordance with scientific advice , the council shall establish a list of areas outside cod - distribution and a list of gears the technical attributes of which result in cod catches of less than 1 , 5 % of the total catches measured by weight . once a gear or area , submited by any one member state , is approved by stefc , it shall be possible for other member states to use it .


### requests for the adjustment of the baseline referred to in paragraph 1 shall be submitted by member states to the commission by [ within one year from adoption of this amendment - will be filled with concrete date ] . ### requests for the adjustment of the baseline referred to in paragraph 1 shall be submitted by member states to the commission by the 31 december of each year .


### when paragraph 1 is applied , member states shall adjust the maximum allowable fishing effort set pursuant to article 12 for the effort group concerned by deducting an amount of effort equivalent to the amount of effort deployed by the participating vessel in the year before its exclusion from the fishing effort regime . ### when paragraph 1 is applied , member states shall adjust the maximum allowable fishing effort set pursuant to article 12 for the effort group concerned , in accordance with the detailed rules that have already been adopted under article 32 of this regulation .


### paragraph 4 is replaced by the following : ‘ 4 . for aggregated effort groups where the percentage cumulative catch calculated according to paragraph 3 is equal to or exceeds 20 % , annual adjustments shall apply . the maximum allowable fishing effort of the groups concerned shall be calculated as follows : where articles 7 or 8 apply , by applying to the baseline the same percentage adjustment as that set out in those articles for fishing mortality ; where article 9 applies , by applying the same percentage adjustment in fishing effort as the adjustment of the tac compared with the previous year ; where article 9 applies , by applying a reduction not exceeding 25 % , compared to the maximum allowable fishing - effort for the effort groups concerned in the previous year , together with other appropriate measures . ### paragraph 4 is replaced by the following : ‘ 4 . for aggregated effort groups where the percentage cumulative catch calculated according to paragraph 3 is equal to or exceeds 20 % , annual adjustments shall apply . the maximum allowable fishing effort of the groups concerned shall be calculated as follows : where articles 7 or 8 apply , by applying to the baseline the same percentage adjustment as that set out in those articles for fishing mortality ; where article 9 applies , by applying the same percentage adjustment in fishing effort as the adjustment of the tac compared with the previous year ;


### within the areas covered by the general objectives , regional integration among countries , in particular economic integration between pre - accession countries , neighbourhood countries and the union , should be an underlying objective for eib financing operations . within the aforementioned areas , the eib should be able to support partner countries through foreign direct investments by companies from the union that contribute to promoting technology and knowledge transfer , providing that due consideration has been made during the investment projects ' due diligence to minimise the risks that eib financing operations lead to negative repercussions on employment in the union . the eib should also be encouraged to support foreign direct investment in partner countries by companies from the union at its own risk . ### within the areas covered by the general objectives , regional integration among countries , in particular economic integration between pre - accession countries , neighbourhood countries and the union , should be an underlying objective for eib financing operations . within the aforementioned areas , the eib should support partner countries through foreign direct investments by companies from the union that contribute to promoting technology and knowledge transfer . however , support should only be provided if ample consideration has been given during the investment projects ' due diligence to minimising the risks that eib financing operations lead to negative repercussions on employment in the union . eib financing should not contribute to the relocation of jobs away from the union . care should also be taken to ensure that the foreign direct investment by businesses based in the union which is supported by the eib genuinely contributes to economic integration between pre - accession countries , neighbourhood countries and the union . the eib should therefore indicate in what form it is specifically supporting businesses and how the businesses are using this support .


### in its financing operations outside the union that fall within the scope of this decision , the eib should endeavour further to enhance coordination and cooperation with european financial institutions and international financial institutions , notably those participating in the eu platform for blending in external cooperation . this cooperation includes , where appropriate , cooperation on sector conditionality and mutual reliance on procedures , use of joint co - financing and participation in global initiatives , such as those promoting aid coordination and effectiveness . such coordination and cooperation should strive to minimise possible duplication of costs and unnecessary overlap . the tripartite memorandum of understanding between the commission , the eib group and the european bank for reconstruction and development in respect of cooperation outside the union , which allows the eib group and the ebrd to act in a complementary way by relying on their respective comparative advantages , was updated in 2012 to cover the extension of ebrd ' s geographical scope to the mediterranean region and should continue to be applied . the principles set out in this decision should also be applied when eib financing is implemented through cooperation agreements with other european financial institutions and international financial institutions . ### in its financing operations outside the union that fall within the scope of this decision , the eib should endeavour further to enhance coordination and cooperation with european financial institutions and international financial institutions , notably those participating in the eu platform for blending in external cooperation . this cooperation includes , where appropriate , cooperation on sector conditionality and mutual reliance on procedures , use of joint co - financing and participation in global initiatives , such as those promoting aid coordination and effectiveness . such coordination and cooperation should strive to minimise possible duplication of costs and unnecessary overlap . particularly with reference to the european bank for reconstruction and development , greater efforts should be made to find additional scope for synergies . the tripartite memorandum of understanding between the commission , the eib group and the ebrd in respect of cooperation outside the union , which allows the eib group and the ebrd to act in a complementary way by relying on their respective comparative advantages , was updated in 2012 to cover the extension of ebrd ' s geographical scope to the mediterranean region and should continue to be applied . the principles set out in this decision should also be applied when eib financing is implemented through cooperation agreements with other european financial institutions and international financial institutions .


### the eib should expand the range of innovative financial instruments it offers , including by focusing more on developing guarantee instruments . moreover , the eib should actively seek to participate in risk sharing instruments and debt capital market financing of projects with stable and predictable cash flow generation . in particular , it should consider supporting debt capital market instruments issued or granted for the benefit of an investment project carried out in the eligible countries . in addition , the eib should increase its provision of loans in local currencies and issue bonds in local markets , provided that beneficiary countries put in place the necessary structural reforms , in particular in the financial sector , as well as other measures to facilitate eib activities . ### the eib should expand the range of innovative financial instruments it offers , including by focusing more on developing guarantee instruments . moreover , the eib should actively seek to participate in risk sharing instruments and debt capital market financing of projects with stable and predictable cash flow generation . in particular , it should consider supporting debt capital market instruments issued or granted for the benefit of an investment project carried out in the eligible countries . in addition , the eib should increase its provision of loans in local currencies and issue bonds in local markets , provided that beneficiary countries put in place the necessary structural reforms , in particular in the financial sector , as well as other measures to facilitate eib activities . in the diversification and expansion of capital market instruments , special care should be taken to ensure that they are compatible with union law on financial services and do not help to establish risky financial practices which for example entail greater risks of securitisation and indebtedness and may therefore jeopardise financial stability .


### the eib should take appropriate measures ensuring that , when financing operations subject to the eu guarantee , the financial interests of the european union are protected by the application of preventive measures against fraud , corruption and any other illegal activities and that olaf is entitled to conduct on - the - spot checks and inspections in the premises of the beneficiaries . ### the eib should take appropriate measures ensuring that , when financing operations subject to the eu guarantee , the financial interests of the european union are protected by the application of preventive measures against fraud , corruption and any other illegal activities , particularly in connection with states classified as tax havens , and that , within the union , olaf is entitled to conduct on - the - spot checks and inspections in the premises of the beneficiaries .


### if , on expiry of the period referred to in paragraph 4 , the european parliament and the council have not adopted a decision granting a new eu guarantee to the eib against losses under its financing operations outside the union , that period shall be automatically extended by six months . ### if , on expiry of the period referred to in paragraph 4 , the european parliament and the council have not adopted a decision granting a new eu guarantee to the eib against losses under its financing operations outside the union , that period shall – once – be automatically extended by six months .


### eib financing operations supporting the objectives provided for in paragraph 1 may include support to investment projects by smes from the union . ### eib financing operations supporting the objectives provided for in paragraph 1 may include support to investment projects by smes from the union . however , it should be ensured that eib financing is genuinely used in the specific investment projects for the benefit of the smes concerned and not channelled to other areas as concealed support for undertakings . in order to ensure that funding is used as intended , the commission shall draw up practical reporting standards to be complied with by borrowers .


### eib financing operations supporting the objectives provided for in paragraph 1 shall support investment projects in climate change mitigation and adaptation which contribute to the overall objective of the united nations framework convention on climate change , in particular by avoiding or reducing greenhouse gas emissions in the areas of renewable energy , energy efficiency and sustainable transport , or by increasing resilience to the adverse impacts of climate change on vulnerable countries , sectors and communities . over the period covered by the decision , the volume of these operations shall represent at least 25% of total eib financing operations . ### eib financing operations supporting the objectives provided for in paragraph 1 shall support investment projects in climate change mitigation and adaptation which contribute to the overall objective of the united nations framework convention on climate change , in particular by avoiding or reducing greenhouse gas emissions in the areas of renewable energy , energy efficiency and sustainable transport , or by increasing resilience to the adverse impacts of climate change on vulnerable countries , sectors and communities . it must be ensured that investment in the field of renewable energy and better energy efficiency are preferred to investment in fossil fuels which generate high co2 emissions , if only in upstream and downstream processes . moreover , the funding must not help to perpetuate the use of the latter fuels . over the period covered by the decision , the volume of these operations in the field of climate change mitigation shall represent at least 25% of total eib financing operations .


### public disclosure of information ### transparency and public disclosure of information


### in its financing operations , the eib shall not tolerate any activities carried out for illegal purposes , including money laundering , financing of terrorism , tax fraud and tax evasion , corruption , and fraud affecting the financial interests of the eu . in particular the eib shall not participate in any financing operation implemented in an eligible country through a foreign non - cooperative jurisdiction identified as such by the oecd , the financial action task force or other relevant international organisations . ### in its financing operations , the eib shall not tolerate any activities carried out for illegal purposes which could be classified as such after a thorough project - specific due diligence audit , including money laundering , financing of terrorism , tax fraud and tax evasion , corruption , and fraud affecting the financial interests of the eu . in particular the eib shall not participate in any financing operation implemented in an eligible country through a foreign non - cooperative jurisdiction or a tax haven . in this regard , a jurisdiction is to be considered a tax haven if several of the following indicators are fulfilled : advantages are accorded only to non - residents or in respect of transactions carried out with non - residents , advantages are ring - fenced from the domestic market , so they do not affect the national tax base , advantages are granted even without any real economic activity or substantial economic presence within the jurisdiction offering such tax advantages , the rules for profit determination in respect of activities within a multinational group of companies departs from internationally accepted principles , notably the rules agreed upon within the oecd , the tax measures lack transparency , including where legal provisions are relaxed at administrative level in a non - transparent way , the jurisdiction imposes no or nominal tax on the relevant income , there are laws or administrative practices that prevent the effective exchange of information for tax purposes with other governments on taxpayers benefiting from the non - existent or nominal taxation , breaching the standards laid down in article 26 of the oecd model convention with respect to taxes on income and on capital , the jurisdiction creates non - transparent and secretive structures that render the formation and working of company registries and registers of trusts and foundations incomplete and non - transparent , the jurisdiction is listed as a non - cooperative country or territory by the financial action task force on anti - money laundering and terrorist financing .


### by 31 december 2017 , the commission shall submit to the european parliament and the council a mid - term report evaluating the implementation of this decision in the first years accompanied , where appropriate , by a proposal for its amendment . the report shall draw upon an external evaluation and contribution from the eib . ### by 30 june 2017 , the commission shall submit to the european parliament and the council a mid - term report evaluating the implementation of this decision in the first years accompanied , where appropriate , by a proposal for its amendment . the report shall draw upon an independent external evaluation and contribution from the eib . the commission’s mid - term report shall contain a detailed account of the criteria in accordance with which the first years of implementation of this decision have been assessed . it shall also contain a detailed account of the criteria for deciding to what extent the optional amount referred to in article 2 is to be activated . this shall ensure that , in the whole second half of its mandate , the eib can operate with a budget in which any changes due to the mid - term review are already taken into account .


### additional import duties shall not be imposed in accordance with paragraph 1 where the imports are unlikely to disturb the union market , or where the effects would be disproportionate to the intended objective . ### additional import duties may not be imposed in accordance with paragraph 1 where the imports are unlikely to disturb the union market , or where the effects would be disproportionate to the intended objective , when the commission has conducted a preliminary assessment in that respect .


### the union is committed to implement the resolutions adopted by the general assembly of the united nations , in particular resolutions 61 / 105 and 64 / 72 , which call on states and regional fisheries management organisations to ensure the protection of vulnerable deep - sea marine ecosystems from the destructive impact of bottom fishing gears , as well as the sustainable exploitation of deep - sea fish stocks . ### the union is committed to implement the resolutions adopted by the general assembly of the united nations , in particular resolutions 61 / 105 and 64 / 72 , which call on states and regional fisheries management organisations to ensure the protection of vulnerable deep - sea marine ecosystems from the impact of bottom fishing gears , as well as the sustainable exploitation of deep - sea fish stocks .


### in order to maintain necessary reductions in fishing capacity achieved so far in deep - sea fisheries , it is appropriate to provide that fishing for deep - sea species is subject to a fishing authorisation which limits the capacity of vessels eligible to land deep - sea species . with a view to focus management measures on the part of the fleet most relevant for deep - sea fisheries , the fishing authorisations should be issued according to target or by - catch fishery . ### in order to maintain necessary reductions in fishing capacity achieved so far in deep - sea fisheries , and to focus management measures on the most relevant part of the fleet for deep sea fisheries , it is appropriate to provide that fishing for deep - sea species is subject to a fishing authorisation which limits the capacity of vessels eligible to fish deep - sea species in a targeted manner . it is however necessary that fishing licenses are also delivered for bycatch fishing of deep - sea species , considering that all these fishing activities are likely to occur in areas where deep water vulnerable marine ecosystems may be present , and that they should be protected against the adverse effects that may have these activities , including those using bottom gears . however , the council and parliament regulation no xxx / 2013 from xxx 2013 on the common fisheries policy defines a goal of eliminating discards that also apply to deep - sea species . the novelty of this new requirement should be taken into account so that vessels incidentally capturing deep - sea species and which are not currently subjected to a licensing regime for fishing , are not totally deprived of the opportunity to continue their traditional fishing activities .


### scientific advice concerning certain fish stocks found in the deep - sea indicates that these stocks are particularly vulnerable to exploitation , and that fishing for these stocks should be limited or reduced as a precautionary measure . fishing opportunities for deep - sea stocks should not go beyond those levels which are scientifically advised as precautionary . in the case of advice being absent for lack of sufficient information about stocks or species , no fishing opportunities should be allocated . ### scientific advice concerning certain fish stocks found in the deep - sea indicates that these stocks are particularly vulnerable to exploitation , however there have been quantified improvements in some stocks such as the roundnose grenadier , blue ling and black scabbardfish . fishing opportunities for deep - sea stocks should not go beyond those levels which are scientifically advised as precautionary . in the case of advice being absent for lack of sufficient information about stocks or species , no fishing opportunities should be allocated .


### the vessel ' s master records in the logbook a percentage of deep - sea species equal or superior to 10% of the overall catch weight in the fishing day concerned . ### the vessel ' s master records in the logbook a percentage of the species defined in annex i which is equal or superior to 25% of the overall catch weight in the fishing trip concerned .


### the aggregate fishing capacity measured in gross tonnage and in kilowatt of all fishing vessels holding a fishing authorisation issued by a member state , allowing the catch of deep - sea species , whether as target or by - catch species , shall at no time exceed the aggregate fishing capacity of vessels of that member state which have landed 10 tonnes or more of deep - sea species during any of the two calendar years preceding the entry into force of this regulation , whichever year provides the higher figure . ### the aggregate fishing capacity measured in gross tonnage and in kilowatt of all fishing vessels holding a fishing authorisation issued by a member state , allowing the targeted catch of deep - sea species as defined in article 4 shall at no time exceed the aggregate fishing capacity of vessels of that member state which have landed 10 tonnes or more of deep - sea species during any of the calendar years 2009 - 2011 , whichever year provides the higher figure .


### each application for a fishing authorisation allowing for the catch of deep - sea species whether as target or by - catch species , and for its renewal shall be accompanied by a description of the area where it is intended to conduct fishing activities , the type of gears , the depth range at which the activities will be deployed , and of the individual species targeted . ### each application for a fishing authorisation allowing for the catch of deep - sea species within areas of existing fishing activities , and for its renewal shall be accompanied by a description of the area where it is intended to conduct fishing activities , the type of gears , the depth range at which the activities will be deployed , and of the relevant species .


### in addition to the requirements set out in article 6 , each application for a fishing authorisation for targeted deep sea fisheries , as referred to in article 4 , that allows the use of bottom gears in union waters as referred to in article 2 , shall be accompanied by a detailed fishing plan specifying : ### in addition to the requirements set out in article 6 , each application for an authorisation for fishing deep - water stocks that allows for the use of bottom gears in union waters as defined in article 2 , or in waters under neafc jurisdiction as referred to in article 2 , shall :


### the locations of the intended activities targeting deep - sea species in the deep - sea m&#233 ; tier . the location shall be defined by coordinates in accordance with the world geodetic system of 1984 ; ### list the bottom - sea gear that will be used ;


### any fishing authorisation issued on the basis of an application made in accordance with paragraph 1 shall specify the bottom gear to be used and limit the fishing activities authorised to the area in which the intended fishing activity , as set out in paragraph 1 , and the existing fishing activity , as set out in paragraph 1 , overlap . however , the area of the intended fishing activity can be extended beyond the area of the existing fishing activity if the member state has assessed and documented , based on scientific advice , that such extension would not have significant adverse impacts on vulnerable marine ecosystems . ### without prejudice to article 7 , fishing activities that are to take place in waters defined in paragraph 1 but that are defined as new fishing areas in the meaning of article 3 paragraph 2b shall be subject to a fishing authorisation . applications for such authorisations shall include a detailed project for the exploratory fishing activity that follows the neafc guidelines outlined in annex iia . applications will be accepted if it can be shown that the activity described will have no harmful effects on vulnerable marine ecosystems .


### the power to adopt delegated acts as referred to in article 13 shall be conferred on the commission for an indeterminate period of time . ### the power to adopt delegated acts as referred to in article 13 shall be conferred on the commission for period of three years from the date of entry into force of this regulation . the commission shall draw up a report in respect of the delegation of power no later than nine months before the end of the three year period . the delegation of power shall be tacitly extended for periods of an identical duration , unless the european parliament or the council oppose such extension no later than three months before the end of each period .


### the lack of mandatory provisions for issuance of euro coins may result in different practices among member states and does not achieve a sufficiently integrated framework for the single currency . in the interest of legal transparency and certainty , it is therefore necessary to introduce binding rules for the issuance of euro coins . ### the lack of general mandatory provisions for issuance of euro coins – without prejudice to article 128 of the treaty on the functioning of the european union , which gives member states the power to issue euro coins – may result in different practices among member states and does not achieve a sufficiently integrated framework for the single currency . { 0 in the interest of legal transparency , certainty and mutual understanding , it is therefore necessary to introduce binding rules for the issuance of euro coins .


### member states should also be able to issue euro collector coins , which are not intended for circulation and which should be readily distinguishable from euro circulation coins . euro collector coins should have legal tender status only in the member state of issuance and should not be issued with a view to their entry into circulation . ### member states should also be able to issue euro collector coins , which are not intended for circulation . if they do so , it is important to ensure that euro collector coins are readily distinguishable from euro circulation coins .


### article 1 subject matter this regulation lays down rules on the issuance of euro circulation coins , including commemorative circulation coins , on the issuance of euro collector coins , and on consultation prior to the destruction of fit euro circulation coins . ### article 1 subject matter without prejudice to article 128 of the treaty on the functioning of the european union , establishing the member states ' right to issue euro coins , this regulation lays down general rules on the issuance of euro circulation coins , on the issuance of euro collector coins , and on consultation prior to the destruction of fit euro circulation coins .


### ' euro circulation coins ' means euro coins intended for circulation , whose denominations and technical specifications are laid down in council regulation no 975 / 98 of 3 may 1998 . ### ' euro circulation coins ' means regular and commemorative euro coins intended for circulation , whose denominations and technical specifications are laid down in council regulation no 975 / 98 of 3 may 1998 .


### article 3 types of euro coins member states may issue two types of euro coins : euro circulation coins , which include commemorative euro circulation coins , and euro collector coins . ### article 3 types of euro coins member states may issue two types of euro coins : euro circulation coins and euro collector coins .


### article 4 issuance of euro circulation coins euro circulation coins shall be issued at face value . 2 . by derogation from paragraph 1 , a minor proportion , not exceeding 5 % of the total value and volume of issued euro coins , may be issued above face value if justified by the special quality of the coin or a special packaging . ### article 4 issuance and selling of euro circulation coins euro circulation coins shall be issued and put into circulation by the competent authorities of each member state at face value . 2 . a minor proportion , not exceeding 5 % of the total outstanding value and volume of issued euro coins , may be sold above face value if justified by the special quality of the coin or a special packaging .


### each participating member state may only issue one commemorative euro circulation coin per year , except in cases where : ### each participating member state may only issue one commemorative euro circulation coin every two years , except in cases where :


### euro collector coins may be issued at or above face value . ### euro collector coins may be sold at or above face value .