### major investments are needed to modernise and expand europe ' s energy infrastructure and to interconnect networks across borders to meet the union ' s energy and climate policy objectives of competitiveness , sustainability and security of supply in a cost - effective way . the estimated investment needs in energy infrastructure up to 2020 amount to eur 1 trillion , of which ca . eur 200 billion in electricity and gas transmission and storage infrastructures considered of european relevance . among projects of european relevance , approximately eur 100 billion of investments is at risk of not being delivered due to obstacles related to permit granting , regulation and financing . ### major investments are needed to modernise and expand europe ' s energy infrastructure and to interconnect networks across borders to meet the union ' s energy and climate policy objectives of competitiveness , sustainability and security of supply in a cost - effective way . long - distance electricity highways will help significantly to overcome the variability of renewable sources of electricity by sharing and distributing those resources throughout the union . the estimated investment needs in energy infrastructure up to 2020 amount to eur 1 trillion , of which ca . eur 200 billion in electricity and gas transmission and storage infrastructures considered of european relevance . among projects of european relevance , approximately eur 100 billion of investments is at risk of not being delivered due to obstacles related to permit granting , regulation and financing .


### the financial envelope for the implementation of the connecting europe facility for the period 2014 to 2020 shall be eur 50 000 000 0001 . that amount shall be distributed among the sectors referred to in article 3 as follows : transport : eur 31 694 000 000 , out of which eur 10 000 000 000 shall be transferred from the cohesion fund to be spent in line with this regulation in member states eligible for funding from the cohesion fund ; energy : eur 9 121 000 000 ; telecommunications : eur 9 185 000 000 . __________________ 1all figures in constant 2011 prices . the corresponding amounts , expressed in current prices , can be found in the legislative financial statement . ### the estimated investment requirement for trans - european networks in the transport , energy and telecommunications sectors for the period up to 2020 is eur&#160 ; 970&#160 ; 000&#160 ; 000&#160 ; 000 . the financial envelope for the implementation of the connecting europe facility for the period 2014 to 2020 shall be [ eur 50 000 000 000 ] 1 . that amount shall be distributed among the sectors referred to in article 3 as follows : transport : [ eur 31 694 000 000 ] , out of which [ eur 10 000 000 000 ] shall be transferred from the cohesion fund to be spent in line with this regulation in member states eligible for funding from the cohesion fund ; energy : [ eur 9 121 000 000 ] ; telecommunications : [ eur 9 185 000 000 ] . __________________ 1 pending agreement on the multiannual financial framework for the period 2014 - 2020 . all figures in constant 2011 prices . the corresponding amounts , expressed in current prices , can be found in the legislative financial statement .


### enhancing union security of supply , to be measured by the evolution of system resilience and security of system operations as well as number of projects allowing diversification of supply sources , supplying counterparts and routes ; ### enhancing union security of supply in both the electricity and gas sectors , to be measured by the evolution of system resilience and efficiency and security of system operations as well as number of projects enabling access to domestic renewable energy sources and allowing diversification of supply sources , supplying counterparts and routes ;


### traffic management systems , freight transport services , secure parkings on the road core network , as well as actions to support the development of motorways of the seas : the amount of union financial aid shall not exceed 20% of the eligible cost . ### road traffic management systems , freight transport services , secure parkings on the road core network , as well as actions to support the development of motorways of the seas and implementation of the land - based components of sesar : the amount of union financial aid shall not exceed 20% of the eligible cost .


### inland transport connections to ports and airports , actions to reduce rail freight noise by retrofitting of existing rolling stock , as well as development of ports and multi - modal platforms : the amount of union financial aid shall not exceed 20% of the eligible cost . ### inland transport connections to ports and airports , as well as development of ports and multi - modal platforms : the amount of union financial aid shall not exceed 20% of the eligible cost .


### acting in accordance with the procedure referred in paragraph 1 , the commission , when establishing multiannual and sectoral annual work programmes , shall establish the selection and award criteria in line with the objectives and priorities laid down : ### acting in accordance with the procedure referred in paragraph 1 , the commission , when establishing multiannual and sectoral annual work programmes , shall establish the selection and award criteria in line with the objectives and priorities laid down in articles 3 and 4 of this regulation and in regulation no xxxx / 2012 [ ten - t guidelines ] , no xxx 2012 [ guidelines for trans - european energy infrastructure ] or no xxx / 2012 infso guidelines ] . the following factors shall be taken into account : the maturity of the action in the project development and preparation stages and the soundness of the implementation proposed ; the leverage effect of union support on public and private investment and the single market ; the need to overcome specific financial obstacles and lack of market - finance , linked to the nature or urgency of the project ; the costs and benefits including economic , social , greenhouse gas and / or other environmental impacts , and accessibility ; the cross - border dimension and ability to reduce or end the isolation of member states , in any sector .


### the european parliament in its resolution of 6 july 2010 on a sustainable future for transport emphasised that an efficient transport policy required a financial framework that was appropriate to the challenges arising and that , to that end , the current resources for transport and mobility should be increased ; it further considered necessary the creation of a facility to coordinate the use of different sources of transport funding , funds available under cohesion policy , public - private partnerships or other financial instruments such as guarantees . ### the european parliament in its resolution of 6 july 2010 on a sustainable future for transport emphasised that an efficient transport policy required a financial framework that was appropriate to the challenges arising and that , to that end , the current resources for transport and mobility should be increased , in the various budget lines relating to them ; it further considered necessary the creation of a facility to coordinate and optimise the use of different sources of transport funding and of all the financial means and mechanisms available at eu level .


### the power to adopt delegated acts referred to in article 20 shall be conferred on the commission for an indeterminate period from the date of entry into force of this regulation . ### the power to adopt delegated acts referred to in articles 5 , 17 and 20 shall be conferred on the commission for the duration of the multiannual financial framework for the period 2014 - 2020 .


### in the field of telecommunication , all actions implementing the projects of common interest and programme support actions set out in the annex of the regulation no xxxx / 2012 [ infso guidelines ] shall be eligible to receive union financial aid in the form of a grant , procurement and financial instruments under this regulation . ### in the field of telecommunication , only actions contributing to projects of common interest in accordance with regulation no xxx / 2012 [ telecom infrastructure guidelines ] , shall be eligible for support through union financial aid in the form of grants for generic services and horizontal priorities , including programme support actions , in the form of grants and procurement for core service platforms . actions in the field of broadband deployment , including actions generating demand for broadband , shall be eligible for union financial support in the form of financial instruments .


### co - financing rates may be increased to a maximum of 80% for actions which based on the evidence referred to in article 15 of regulation no xxxx / 2012 [ guidelines for trans - european energy infrastructure ] , provide a high degree of regional or union - wide security of supply , or strengthen solidarity of the union or comprise highly innovative solutions . ### co - financing rates may be increased to a maximum of 60% for actions which based on the evidence referred to in points and of article 7provide a high degree of regional or union - wide security of supply , strengthen solidarity of the union and contribute to sustainable development and protection of the environment .


### ensuring sustainable and efficient transport in the long run , to be measured by the length of the conventional railway network in the eu - 27 and the length of high - speed railway network in the eu - 27 ; ### ensuring sustainable and efficient transport systems in the long run . the achievement of this objective shall be measured by the length of the railway network in the eu - 27 complying with the requirements set out in article 45 of regulation no xxxx / 2012 [ ten - t guidelines ] , the length of high - speed railway network in the eu - 27 , the length of inland waterway network and the length by class in the eu - 27 , the length of roads of the core network that has adequate coverage with infrastructure to supply alternative fuels to vehicles in the eu - 27 and the reduction in casualties on the road network in the eu - 27 ;


### acting in accordance with the procedure referred to in paragraph 1 , the commission , when establishing multiannual and sectoral annual work programmes , shall establish the selection and award criteria in line with the objectives and priorities laid down : for transport in regulation no xxxx / 2012 [ ten - t guidelines ] ; for energy in regulation no xxxx / 2012 [ guidelines for trans - european energy infrastructure ] ; for telecommunications in regulation no xxxx / 2012 [ infso guidelines ] . ### acting in accordance with the procedure referred to in paragraph 1 , the commission , when establishing multiannual and sectoral annual work programmes , shall establish the selection and award criteria in line with the objectives and priorities laid down in articles 3 and 4 of this regulation and in regulation no xxxx / 2012 [ ten - t guidelines ] , no xxx 2012 [ guidelines for trans - european energy infrastructure ] or no xxx / 2012 infso guidelines ] . all projects shall be assessed on the basis of the following criteria : the maturity of the action in the project development and preparation stages and the soundness of the implementation proposed ; the leverage effect of union support on public and private investment and the single market ; the need to overcome specific financial obstacles and lack of market - finance , linked to the nature or urgency of the project ; the costs and benefits including economic , social , greenhouse gas and / or other environmental impacts , and accessibility ; for transports and for energy : the cross - border dimension .


### mid - term and ex - post evaluations should be carried out by the commission in order to assess the effectiveness and efficiency of the funding and its impact on the overall goals of the facility and the europe 2020 strategy ' s priorities . ### mid - term and ex - post evaluations should be carried out by the commission and notified to the european parliament in order to assess the effectiveness and efficiency of the funding and its impact on the overall goals of the facility and the europe 2020 strategy ' s priorities .


### actions implementing the core network according to chapter iii of regulation no xxxx / 2012 [ ten - t guidelines ] , including the deployment of new technologies and innovation according to article 39 of regulation no xxxx / 2012 [ ten - t guidelines ] ; ### actions under part 1 of the annex to this regulation ;


### 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 or related to horizontal priorities in the member states eligible to the cohesion fund under the connecting europe facility . in a first phase , the selection of projects eligible for financing should respect the national allocations under the cohesion fund . the commission should support member states eligible to the cohesion fund to develop an adequate pipeline of projects , in particular by strengthening the institutional capacity of the public administrations concerned and by organising additional calls for proposals .


### co - financing rates mentioned above may be increased by up to 10 percentage points for actions having cross - sector synergies , reaching climate mitigation objectives , enhancing climate resilience or reducing the greenhouse gas emissions . this increase should not apply to co - financing rates referred to in article 11 . ### co - financing rates mentioned above may be increased by up to 10 percentage points over the percentages laid down in paragraphs 2 to 4 for the following actions : with synergies between at least two of the sectors covered by the cef . the amount of union financial aid shall be taken from the amounts allocated for each sector set out in article 5 , and weighted according to their relative involvement in the action . b ) any action helping to achieve objectives in the fields of climate mitigation , enhancing climate resilience or reducing greenhouse gas emissions . this increase should not apply to co - financing rates referred to in article 11 . the commission shall propose , in the annual and multiannual programmes under article 17 , the criteria for the granting of the cofinancing rates laid down in this article .


### as regards the eur 10 000 000 000 transferred from the cohesion fund [ regulation xxx article xx ] to be spent in member states eligible for funding from the cohesion fund , specific calls shall be launched for projects implementing the core network exclusively in member states eligible for funding from the cohesion fund . ### as regards the eur 10 000 000 000 transferred from the cohesion fund [ regulation xxx article xx ] to be spent , on the basis of national allocations , in member states eligible for funding from the cohesion fund , specific calls shall be launched for projects implementing the core and global network exclusively in member states eligible for funding from the cohesion fund .


### generic services in areas of public interest are often affected by a strong degree of market failures . indeed , the areas to be funded relate to public service delivery hence not commercial by definition at a starting level . in addition , if only core services are funded , the challenge would be to create the right incentives at member state and regional level to actually deploy services of public interest : this is due particularly to lack of incentive at national level to link national systems to the core systems as well as to the fact that private investors would not alone ensure service deployment within interoperable frameworks . ### generic services in areas of public interest are often affected by a strong degree of market failures . indeed , the areas to be funded relate to public service delivery hence not commercial by definition at a starting level . in addition , if only core services are funded , the challenge would be to create the right incentives at member state and regional level to actually deploy services of public interest : this is due particularly to lack of incentive at national level to link national systems to the core systems as well as to the fact that private investors would not alone ensure service deployment within interoperable frameworks . .


### ‘ bottleneck’ means a physical barrier that leads to a system break affecting the continuity of long - distance flows . such a barrier can be absorbed by new infrastructure such as bridges or tunnels that address problems as for example gradients , curve radii , gauge . the need to upgrade existing infrastructure shall not be considered as a bottleneck ; ### ' bottleneck ' in the transport sector means a physical or technical barrier that leads to a system break affecting the continuity and disruption of long - distance and cross - border flows . such a barrier can be absorbed by creating new or substantially upgrading existing infrastructure in order to increase its capacity such as bridges or tunnels that address problems as for example gradients , curve radii , gauge ;


### member states shall inform the commission continuously , if relevant through the interactive geographical and technical information systems , which in case of the trans - european transport networks is tentec , about the progress made in implementing projects of common interest and the investments made for this purpose including the amount of support used for climate change objectives . ### member states shall inform the commission annually , through the interactive geographical and technical information systems , which in case of the trans - european transport networks is tentec , about the progress made in implementing projects of common interest and the investments made for this purpose including the amount of support used for climate change objectives .


### 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 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 . the commission should ensure that no distortion of the national allocations is possible . the commission should at the same time provide necessary coordination and assistance to the eligible member states in order to remove administrative and bureaucratic barriers and ensure transparent process of selection of the projects .


### contribute to smart , sustainable and inclusive growth by developing modern and high performing trans - european networks , thus bringing forward benefits for the entire european union in terms of competitiveness and economic , social and territorial cohesion within the single market and creating an environment more conducive to private and public investment through a combination of financial instruments and union direct support and by exploiting synergies across the sectors . the achievement of this objective will be measured by the volume of public and private investment in projects of common interest , and in particular the volume of public and private investments in projects of common interest realised through the financial instruments under this regulation . ### contribute to smart , sustainable and inclusive growth , in line with the europe 2020 strategy , by developing modern and high performing trans - european networks , thus bringing forward benefits for the entire european union in terms of competitiveness on the global market and economic , social and territorial cohesion within the single market , and creating an environment more conducive to private and public investment through a combination of financial instruments and union direct . the achievement of this objective will be measured by the volume of public and private investment in projects of common interest .


### in the field of energy , the specific eligibility conditions of actions implementing projects of common interest for union financial aid in the form of financial instruments and grants under this regulation are set out in article 15 of regulation no xxxx / 2012 [ guidelines for trans - european energy infrastructure ] . ### in the field of energy , the specific eligibility conditions of actions implementing projects of common interest for union financial support in the form of financial instruments and grants under this regulation are as follows : projects of common interest falling within the categories set out in points 1 and 2 of annex ii to regulation no xxxx / 2012 [ energy infrastructure guidelines ] are eligible for union financial support in the form of grants for studies ; projects of common interest falling within the categories set out in points 1 and 2 of annex ii to regulation no xxxx / 2012 [ energy infrastructure guidelines ] which according to the business plan and other assessments carried out , notably by potential investors or creditors , are commercially viable but just below the risk rating that would lead to an investment decision are eligible for union financial support in the form of financial instruments for works ; projects of common interest falling within the categories set out in points 1 to and point 2 of annex ii to regulation no xxxx / 2012 [ energy infrastructure guidelines ] shall be eligible for union financial support in the form of grants for works if they fulfil all of the following criteria : the project is commercially not viable according to the business plan and other assessments carried out , notably by potential investors or creditors . the decision on incentives and its justification referred to in article 14 of regulation no xxxx / 2012 [ energy infrastructure guidelines ] shall be taken into account when assessing the project ' s commercial viability ; the project has received a cross - border cost allocation decision pursuant to article 13 of regulation no xxxx / 2012 [ energy infrastructure guidelines ] or , for projects that have received an exemption pursuant to article 36 of directive 2009 / 73 / ec or article 17 of regulation no 714 / 2009 , an opinion from the competent national regulatory authorities and the agency on the commercial viability of the project ; the project specific cost - benefit analysis pursuant to article 13 of regulation no xxxx / 2012 [ energy infrastructure guidelines ] provides evidence concerning the existence of at least one of the following significant positive externalities : - projects promoting the further integration of the internal energy market and the interoperability of electricity and gas networks across borders through interconnection of member states ' networks and removal of internal constraints , through enhancing cross - border transmission power in relation to installed energy generation capacity or through increased demand coverage between member states by reverse flow interconnectors for gas ; - projects that enhance the security of energy supply and / or solidarity by diversification of supply sources , supplying counter parts and routes , increasing storage capacity , prevention or reduction of disruptions , avoiding spillage of renewable energy due to a lack of cross - border connections or by reducing or eliminating member states ' energy isolation by connecting these markets with more diversified supply sources and / or by installing reverse flow interconnectors for gas ; - projects contributing to sustainable development and protection of the environment by ensuring transmission of renewable electricity from generation to major consumption centres and storage sites ; projects of common interest falling within the categories set out in points 1 of annex ii to regulation no xxxx / 2012 [ energy infrastructure guidelines ] shall be eligible for union financial support in the form of grants for works if they are not commercially viable in accordance with point of point c of this article and can prove at least one of the positive externalities under point of point c of this article .


### the financial envelope of the connecting europe facility may cover expenses pertaining to , preparatory , monitoring , control , audit and evaluation activities which are required for the management of the programme and the achievement of its objectives , in particular studies , meetings of experts , as far as they are related to the general objectives of this regulation , expenses linked to it networks focusing on information processing and exchange , together with all other technical and administrative assistance expenses incurred by the commission for the management of the programme . the financial allocation may also cover the technical and administrative assistance expenses necessary to ensure the transition between the programme and the measures adopted under regulation no 680 / 2007 . if necessary , appropriations could be entered in the budget beyond 2020 to cover similar expenses , in order to enable the management of actions not yet completed by 31 december 2020 . ### the financial envelope of the connecting europe facility shall cover expenses pertaining to : actions in support of projects of common interest , as defined in article 7 of this regulation ; programme support actions , as defined in article 2 of this regulation , up to 1 . 5% ; the technical and administrative assistance expenses necessary to ensure the transition between the programme and the measures adopted under regulation no 680 / 2007 .


### ‘ bottleneck’ means a physical barrier that leads to a system break affecting the continuity of long - distance flows . such a barrier can be absorbed by new infrastructure such as bridges or tunnels that address problems as for example gradients , curve radii , gauge . the need to upgrade existing infrastructure shall not be considered as a bottleneck ; ### ‘ bottleneck’ in the transport sector means a physical or technical barrier that leads to a system break affecting the continuity and disruption of long - distance and cross - border flows . such a barrier can be absorbed by creating new , or substantially upgrading existing infrastructure in order to increase its capacity such as bridges or tunnels that address problems as for example gradients , curve radii , gauge . the need to upgrade existing infrastructure shall not be considered as a bottleneck ;


### the commission may request the reimbursement of the financial aid granted if , within two years of the finishing date established in the conditions governing the granting of aid , the implementation of the action receiving the financial aid has not been completed . ### the commission may request the reimbursement of the financial aid granted if , within two years of the finishing date established in the conditions governing the granting of aid , the implementation of the action receiving the financial aid has not been completed except in cases of force majeure .


### the commission shall implement information and communication actions on the connecting europe facility projects and results . moreover , budget allocated to communication under this regulation shall also cover corporate communication on the political priorities of the union . ### the commission shall implement information and communication actions on the connecting europe facility projects and results .


### in the field of telecommunication , all actions implementing the projects of common interest and programme support actions set out in the annex of the regulation no xxxx / 2012 [ infso guidelines ] shall be eligible to receive union financial aid in the form of a grant , procurement and financial instruments under this regulation . ### in the field of telecommunication , only actions contributing to projects of common interest in accordance with regulation no xxx / 2012 [ telecom infrastructure guidelines ] , shall be eligible for support through union financial aid in the form of grants for generic services and horizontal priorities , including programme support actions , in the form of grants and procurement for core service platforms . actions in the field of broadband deployment , including actions generating demand for broadband , shall be eligible for union financial support in the form of financial instruments .


### the financial envelope for the implementation of the connecting europe facility for the period 2014 to 2020 shall be eur 50 000 000 0001 . that amount shall be distributed among the sectors referred to in article 3 as follows : transport : eur 31 694 000 000 , out of which eur 10 000 000 000 shall be transferred from the cohesion fund to be spent in line with this regulation in member states eligible for funding from the cohesion fund ; energy : eur 9 121 000 000 ; telecommunications : eur 9 185 000 000 . __________________ 1all figures in constant 2011 prices . the corresponding amounts , expressed in current prices , can be found in the legislative financial statement . ### the estimated investment requirement for trans - european networks in the transport , energy and telecommunications sectors for the period up to 2020 is eur&#160 ; 970&#160 ; 000&#160 ; 000&#160 ; 000 . the financial envelope for the implementation of the connecting europe facility for the period 2014 to 2020 shall be [ eur 50 000 000 000 ] 1 . that amount shall be distributed among the sectors referred to in article 3 as follows : transport : [ eur 31 694 000 000 ] , out of which [ eur 10 000 000 000 ] shall be transferred from the cohesion fund to be spent in line with this regulation in member states eligible for funding from the cohesion fund ; energy : [ eur 9 121 000 000 ] ; telecommunications : [ eur 9 185 000 000 ] . __________________ 1 pending agreement on the multiannual financial framework for the period 2014 - 2020 . all figures in constant 2011 prices . the corresponding amounts , expressed in current prices , can be found in the legislative financial statement .


### innovative management & services innovative management & services innovative management & services innovative management & services innovative management & services innovative management & services new technologies and innovation ### single european sky - sesar traffic management systems for road , rail and inland waterways core network ports and airports single european sky - sesar traffic management systems for road , rail and inland waterways core network ports and airports , and motorways of the sea new technologies and innovation according to article 39 to of regulation n°xxxx / 2012 [ ten - t guidelines ]


### algeciras – madrid – tarragona sevilla – valencia – tarragona tarragona – barcelona – perpignan – lyon – torino – milano – venezia – ljubljana – budapest – ua border ### algeciras – madrid – tarragona sevilla – valencia – tarragona tarragona – barcelona – perpignan – lyon – torino – milano – venezia – ljubljana – budapest – ua border livorno / pisa – grosseto – siena – arezzo – fano – ancona


### member states shall for projects related to transports and energy sectors , undertake the technical monitoring and financial control of actions in close cooperation with the commission and shall certify the reality and the conformity of the expenditure incurred in respect of projects or parts of projects . the member states may request the participation of the commission during on - the - spot checks . ### member states shall undertake the technical monitoring and financial control of actions in close cooperation with the commission and shall certify the reality and the conformity of the expenditure incurred in respect of projects or parts of projects . the member states may request the participation of the commission during on - the - spot checks .


### co - financing rates may be increased to a maximum of 80% for actions which based on the evidence referred to in article 15 of regulation no xxxx / 2012 [ guidelines for trans - european energy infrastructure ] , provide a high degree of regional or union - wide security of supply , or strengthen solidarity of the union or comprise highly innovative solutions . ### co - financing rates may be increased to a maximum of 60% for actions which based on the evidence referred to in points and of article 7provide a high degree of regional or union - wide security of supply , strengthen solidarity of the union and contribute to sustainable development and protection of the environment .


### following the mid - term evaluation according to article 26 . 1 , the commission may transfer appropriations between the sectors of the allocation set out in paragraph 1 , with the exception of the eur 10 000 000 000 transferred from the cohesion fund to finance transport sector projects in the cohesion fund eligible member states . ### following the mid - term evaluation according to article 26 . 1 , the commission shall be empowered to adopt delegated acts in accordance with article 25 in order to transfer appropriations between the sectors of the allocation set out in paragraph 1 , with the exception of the eur [ 10 000 000 000 ] 1 transferred from the cohesion fund to finance transport sector projects in the cohesion fund eligible member states . __________________ 1 pending agreement on the multiannual financial framework for the period 2014 - - 2020 .


### further to the general objectives set out under article 3 , the connecting europe facility should contribute to achieving the following sector specific objectives : ### without prejudice to the general objectives set out under article 3 , the connecting europe facility shall contribute to achieving the following sector specific objectives :


### rail and inland waterways : the amount of union financial aid shall not exceed 20% of the eligible cost ; the funding rate may be increased to 30% for actions addressing bottlenecks ; the funding rate may be increased to 40% for actions concerning cross - border sections ; ### rail : the amount of union financial aid shall not exceed 20% of the eligible cost ; the funding rate may be increased to 30% for actions addressing bottlenecks ; the funding rate may be increased to 40% for actions concerning cross - border sections and for actions enhancing rail interoperability ;


### 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 under the connecting europe facility . the commission should support member states eligible to the cohesion fund and strengthen , where appropriate , their administrative capacity to develop an adequate pipeline of projects in order to give greatest possible priority to the national allocations under the cohesion fund , but also in order to support them in applications for the eur 21 , 7 billion available for all member states and to ensure , to the largest possible extent , a geographical balance .


### the commission shall adopt multiannual and annual work programmes for each sector . the commission may also adopt multiannual and annual work programmes that cover more than one sector . those implementing acts shall be adopted in accordance with the examination procedure referred to in article 24 . 2 . ### the commission shall adopt multiannual and annual work programmes for each sector . the commission may also adopt multiannual and annual work programmes that cover more than one sector . those delegated acts shall be adopted in accordance with the procedure referred to in article 25 of this regulation .


### contribute to smart , sustainable and inclusive growth by developing modern and high performing trans - european networks , thus bringing forward benefits for the entire european union in terms of competitiveness and economic , social and territorial cohesion within the single market and creating an environment more conducive to private and public investment through a combination of financial instruments and union direct support and by exploiting synergies across the sectors . the achievement of this objective will be measured by the volume of public and private investment in projects of common interest , and in particular the volume of public and private investments in projects of common interest realised through the financial instruments under this regulation . ### contribute to smart , sustainable and inclusive growth , in line with the europe 2020 strategy , by developing modern and high performing trans - european networks , thus bringing forward benefits for the entire european union in terms of competitiveness on the global market and economic , social and territorial cohesion within the single market , and creating an environment more conducive to private and public investment through a combination of financial instruments and union direct . the achievement of this objective will be measured by the volume of public and private investment in projects of common interest .


### acting in accordance with the procedure referred to in paragraph 1 , the commission , when establishing multiannual and sectoral annual work programmes , shall establish the selection and award criteria in line with the objectives and priorities laid down : for transport in regulation no xxxx / 2012 [ ten - t guidelines ] ; for energy in regulation no xxxx / 2012 [ guidelines for trans - european energy infrastructure ] ; for telecommunications in regulation no xxxx / 2012 [ infso guidelines ] . ### acting in accordance with the procedure referred to in paragraph 1 , the commission , when establishing multiannual and sectoral annual work programmes , shall establish the selection and award criteria in line with the objectives and priorities laid down in articles 3 and 4 of this regulation and in regulation no xxxx / 2012 [ ten - t guidelines ] , no xxx 2012 [ guidelines for trans - european energy infrastructure ] or no xxx / 2012 infso guidelines ] . all projects shall be assessed on the basis of the following criteria : the maturity of the action in the project development and preparation stages and the soundness of the implementation proposed ; the leverage effect of union support on public and private investment and the single market ; the need to overcome specific financial obstacles and lack of market - finance , linked to the nature or urgency of the project ; the costs and benefits including economic , social , greenhouse gas and / or other environmental impacts , and accessibility ; for transports and for energy : the cross - border dimension .


### the right to exploit the works or services as referred to in points 2 , 4 and 7 of the first paragraph shall imply the transfer to the concessionaire of the substantial operating risk . the concessionaire shall be deemed to assume the substantial operating risk where it is not guaranteed to recoup the investments made or the costs incurred in operating the works or the services which are the subject - matter of the concession . ### the right to exploit the works or services as referred to in points 2 , 4 and 7 of the first paragraph shall imply the transfer to the concessionaire of the substantial operating risk . the concessionaire shall be deemed to assume the substantial operating risk where it is not guaranteed to recoup the investments made or the costs incurred in operating the works or the services which are the subject - matter of the concession ; an operating risk which is limited from the outset shall have no effect on this principle .


### the disparities between the various restriction measures applied to new psychoactive substances can also lead to displacement of harmful new psychoactive substances between the member states , hampering efforts to restrict their availability to consumers and undermining consumer protection across the union . ### the disparities between the various restriction measures applied to new psychoactive substances can also lead to displacement of harmful new psychoactive substances between the member states , hampering efforts to restrict their availability to consumers , undermining consumer protection across the union and the efforts to combat potential criminal activities and organised crime activity associated with their distribution .


### the harm to health caused by the consumption of the new psychoactive substance associated with its acute and chronic toxicity , abuse liability and dependence - producing potential , is limited , as it provokes minor injury and disease , and minor physical or mental impairment ; ### the harm to health caused by the consumption of the new psychoactive substance associated with its acute and chronic toxicity , abuse liability and dependence - producing potential , is non - existent or negligible , as it does not provoke injury and disease , aggression and physical or mental impairment ;


### in order to facilitate the management of community funding , to help accelerate the investment in the member states and regions and to increase the impact of the funding on the economy , it is necessary to further simplify the rules governing cohesion policy . ### in order to facilitate the management of union funding , to help accelerate the investment in the member states and regions and to increase the impact of the funding on the economy , it is also necessary to further simplify the rules governing the european regional development fund , the european social fund and the cohesion fund , at union and national level .


### to this end , any export of medicinal products containing ephedrine or pseudoephedrine should be preceded by a pre - export notification sent by the competent authorities in the union to the competent authorities of the country of destination . ### with that in mind , a new category of scheduled substances should be created to take into account the specific characteristics of medicinal products , the export of which should be preceded by a pre - export notification sent by the competent authorities in the union to the competent authorities of the country of destination , with the information previously provided by the operator .


### medicinal products containing ephedrine or pseudoephedrine should therefore be controlled without impeding their legitimate trade . ### medicinal products should also be controlled systematically and in the same way as other scheduled substances , without impeding their legitimate trade . from now on , they should therefore be considered to be substances likely to be scheduled .


### ' scheduled substance ' means any substance used for the illicit manufacture of narcotic drugs or psychotropic substances and listed in the annex , including mixtures and natural products containing such substances . this excludes natural products and mixtures which contain scheduled substances and which are compounded in such a way that the scheduled substances cannot be easily used or extracted by readily applicable or economically viable means and medicinal products within the meaning of article 1 of directive 2001 / 83 / ec of the european parliament and of the council ; ### ' scheduled substance ' : means any substance used for the illicit manufacture of narcotic drugs or psychotropic substances and listed in the annex , including mixtures and natural products containing such substances , and medicinal products . this excludes natural products and mixtures which contain scheduled substances and which are compounded in such a way that the scheduled substances cannot be easily used or extracted by readily applicable or economically viable means and medicinal products within the meaning of article 1 of directive 2001 / 83 / ec of the european parliament and of the council ; '


### to this end , any export of medicinal products containing ephedrine or pseudoephedrine should be preceded by a pre - export notification sent by the competent authorities in the union to the competent authorities of the country of destination . ### with that in mind , a new category of scheduled substances should be created to take into account the specific characteristics of medicinal products .


### during the transition from stage iii a to stage iii b , the percentage of the number of engines placed on the market under the flexibility scheme should be increased from 20% to 50% of the tractor manufacturer ' s annual sales of tractors with engines in that category . the optional alternative that a maximum number of engines may be placed on the market under the flexibility scheme should be adapted accordingly . ### during the transition from stage iii a to stage iii b the maximum number of engines that may be placed on the market under the flexibility scheme should not exceed 20% of the tractor manufacturer ' s annual sales of tractors with engines in that category . the optional alternative should be that a maximum number of engines may be placed on the market under the flexibility scheme not exceeding the values contained in the table in annex i , point 1 . 2 . 2 .


### 2 . 1 . the number of engines placed on the market under a flexibility scheme shall , in each engine category , not exceed 50 % of the tractor manufacturer ' s annual sales of tractors with engines in that engine category . where a tractor manufacturer has marketed tractors in the union for a period of less than five years the average will be calculated based on the actual period for which the tractor manufacturer has marketed tractors in the union . ### 2 . 1 . the number of engines placed on the market under a flexibility scheme shall , in each engine category , not exceed 20 % of the tractor manufacturer ' s annual sales of tractors with engines in that engine category . where a tractor manufacturer has marketed tractors in the union for a period of less than five years the average will be calculated based on the actual period for which the tractor manufacturer has marketed tractors in the union .


### member states shall ensure that the competent authorities referred to in article 20 , determine a provisional list of at least 20 payment services accounting for at least 80% of the most representative payment services subject to a fee at national level . the list shall contain terms and definitions for each of the services identified . ### member states shall ensure that the competent authorities referred to in article 20 , determine a provisional list of 80 % of the most representative services linked to the payment account subject to a fee in their member states . that list shall contain terms and definitions for each of the services identified . following the transmission of those provisional lists from the competent authorities of the member states , the commission shall determine a list of services covering 80% of the most representative services linked to the payment accounts subject to a fee at union level . the list shall contain standardised terms and definitions for each of the services identified . a single name shall apply to each service .


### member states shall ensure that a payment account with basic features includes the following payment services : ### member states shall ensure that a payment account with basic features includes the following services :


### member states should ensure that at least one payment service provider offers a payment account with basic features to consumers . access should not be overly difficult and should not entail excessive costs for consumers . in this respect , member states should consider factors such as the location of the designated payment service providers in their territory . in order to minimise the risk for consumers to become financially excluded , member states should improve financial education , including at school , and combat over - indebtedness . furthermore , member states should promote initiatives of payment service providers in order to facilitate the combination of providing payment accounts with basic features and financial education . ### member states should ensure that payment accounts with basic features are offered to consumers by all payment service providers in their territory which operate general retail payment services and that offer payment accounts as an integral part of their regular business . access to payment services with basic features should be provided throughout the union for all consumers legally staying in the union , including students , workers and homeless people without a fixed address . member states should ensure that payment accounts with basic features are not only offered by payment service providers that provide the account solely with online banking facilities . access should not be overly difficult and should be free of charge or entail only a nominal fee for consumers . payment accounts with basic features should be offered free of charge or for a nominal fee , only covering the actual cost incurred by the payment services operator . in this respect , member states should consider factors such as the location of the designated payment service providers in their territory . member states should also ensure that exemptions are only based on the requirements set out in directive 2005 / 60 / ec . in order to minimise the risk for consumers to become financially excluded , member states should improve financial education , including at school , and combat over - indebtedness . furthermore , member states should promote initiatives of payment service providers in order to facilitate the combination of providing payment accounts with basic features and financial education .


### member states shall ensure that payment service providers provide the consumer with a statement of all fees incurred on their payment account at least annually . ### member states shall ensure that payment service providers provide the consumer free of charge with a statement of all fees incurred on their payment account at least annually and at any time upon request within reasonable limits . this statement may be communicated to consumers electronically or on paper as agreed between parties .


### send the receiving payment service provider the information indicated in points , and of paragraph 3 within seven calendar days of receiving the request ; ### send the receiving payment service provider the information indicated in points , and of paragraph 3 within seven business days of receiving the request ;


### provide up - to - date information ; ### provide up - to - date , accurate , reliable and user - friendly information ;


### member states shall ensure that at least one payment service provider in their territory offers a payment account with basic features to consumers . member states shall ensure that payment accounts with basic features are not only offered by payment service providers that provide the account solely with online banking facilities . ### member states shall ensure that payment accounts with basic features are offered to consumers by all payment service providers in their territory which operate in general retail payment services and that offer payment accounts as an integral part of their regular business . member states shall ensure that payment accounts with basic features are not only offered by payment service providers that provide the account solely with online banking facilities .


### transmit to the receiving payment service provider and , if specifically requested by the consumer pursuant to paragraph 2 , to the consumer a list of all existing standing orders for credit transfers and debtor driven direct debit mandates ; ### provide the consumer with a comprehensive summary list of all existing standing orders for credit transfers and debtor driven direct debit mandates and ask for confirmation for transmitting them to the receiving payment service provider ;


### consumers are only incentivised to switch accounts if the process does not entail an excessive administrative and financial burden . the procedure for switching payment accounts to another payment service provider should be clear and quick . the fees , if any , charged by payment service providers in relation to the switching service should be in line with the actual cost incurred by payment service providers . in order to have positive impact on competition , switching should also be facilitated at cross - border level . given that switching cross - border could be more complex than the switching at national level and may require payment service providers to adapt and refine their internal procedures , longer deadlines for the cross - border switch should be foreseen . the need to maintain different deadlines should be evaluated in the context of the review of the proposed directive . ### consumers are only incentivised to switch accounts if the process does not entail an excessive administrative and financial burden . the procedure for switching payment accounts to another payment service provider should be clear and quick . in order to have positive impact on competition , switching should also be facilitated at cross - border level . nevertheless a longer transposition period should be provided for in relation to the provisions of this directive dealing with switching services . member states should be provided with different transposition periods for the implementation of provisions related to switching services by distinguishing between switching services provided by payment service providers located in the same member state and by service providers located in different member states . in all member states redirection services in case of switching should be introduced . the member states shall provide a mechanism for redirection of standing orders and direct debits to the account held by the consumer with the receiving payment service provider for a period of at least one year .


### once national competent authorities have determined a provisional list of the most representative services subject to a fee at national level together with terms and definitions , the commission should review them to identify , by means of delegated acts , the services that are common to the majority of member states and propose standardised eu level terms and definitions for them . ### once national competent authorities have determined a provisional list of the most representative services subject to a fee or offered free of charge at national level together with terms and definitions , the commission should review them to identify , by means of delegated acts , the services that are common to the majority of member states and propose standardised eu level terms and definitions for them .


### 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 . beyond this list of basic 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 . provided that a payment account with basic features is operated by the consumer for personal use , there should be no limits to the number of operations to be provided to the consumer under the specific pricing rules of this account .


### member states shall ensure that payment service providers make available to consumers information about the specific features of the payment account with basic features on offer , their associated fees and their conditions of use . member states shall also ensure that the consumer is informed that the purchase of additional services is not compulsory to access a payment account with basic features . ### member states shall ensure that payment service providers make available to consumers accessible information and adequate assistance about the specific features of the payment account with basic features on offer , their associated fees and their conditions of use . member states shall also ensure that the consumer is informed that the purchase of additional services is not compulsory to access a payment account with basic features .


### set up within seven calendar days the standing orders for credit transfers requested by the consumer and execute them from the date specified in the authorisation ; ### set up within seven business days the standing orders for credit transfers requested by the consumer and execute them from the date specified in the authorisation ;


### member states shall ensure that the fees charged to the consumer for non - compliance with the consumer ' s commitments laid down in the framework contract are reasonable . ### member states shall ensure that the fees charged to the consumer for non - compliance with the consumer ' s commitments laid down in the framework contract are reasonable and never higher than the fees of the regular pricing policy of the provider . in situations independent of his will , the consumer shall not be charged any fees , such as in cases of rejected recurrent payments due to a late incoming payment .


### member states shall determine , for all the services referred to in paragraph 1 , a minimum number of operations which will be provided to the consumer for the fee , if any , referred to in article 17 . the minimum number of operations shall be reasonable and in line with the common commercial practice in the member state concerned . ### member states shall ensure that , provided that a payment account with basic features is operated by the consumer for personal use , there are no limits to the number of operations which will be provided to the consumer under the specific pricing rules set out in article 17 .


### member states shall ensure that any financial loss incurred by the consumer resulting from the non - compliance of a payment service provider involved in the switching process with its obligations under article 10 is refunded by that payment service provider . ### member states shall ensure that any financial loss incurred by the consumer resulting from the non - compliance of a payment service provider involved in the switching process with its obligations under article 10 is refunded by that payment service provider in due time . the burden of proof shall rest with the payment service provider , which shall demonstrate that the conditions laid down in article 10 have been respected .


### in order to obtain impartial information on bank fees , consumers should be able to access comparison websites which are operationally independent from payment service providers . member states should therefore ensure that at least one such website is available to consumers in their respective territories . such comparison websites may be operated by competent authorities , other public authorities and / or accredited private operators . member states should establish a voluntary accreditation scheme allowing private operators of comparison websites to apply for accreditation in accordance with specified quality criteria . a comparison website operated by a competent authority or other public authority should be established where a privately operated website has not been accredited . such websites should also comply with the quality criteria . ### in order to obtain impartial information on fees charged and interest rates applied on payment accounts , consumers should have free of charge access to comparison websites which are financially and operationally independent from payment service providers . member states should therefore ensure that at least one such website is available to consumers in their respective territories . such comparison websites may be operated by competent authorities , other public authorities and / or accredited private operators . member states should establish a voluntary accreditation scheme allowing private operators of comparison websites to apply for accreditation in accordance with specified quality criteria . a comparison website operated by a competent authority or other public authority should be established where a privately operated website has not been accredited . such websites should also comply with the quality criteria . in order for consumers to get easy access to comparison websites also in other member states , a union web portal containing links to all national level websites should be established .


### credit transfers . ### sepa and non - euro credit transfers ;


### the commission shall be empowered to adopt delegated acts , in accordance with article 24 , concerning the setting out , on the basis of the provisional lists submitted pursuant to paragraph 3 , of an eu standardised terminology for those payment services that are common to at least a majority of member states . the eu standardised terminology will include common terms and definitions for the common services . ### the commission shall be empowered to adopt delegated acts , in accordance with article 24 , concerning the setting out , on the basis of the provisional lists submitted pursuant to paragraph 3 , of an eu list of services covering 80 % of the most representative services linked to the payment accounts subject to a fee at union level and of an eu standardised terminology for those payment services that are common to at least a majority of member states . the eu standardised terminology will include common terms and definitions for the common services .


### list of the most representative payment services subject to a fee at national level and standardised terminology ### list of the services that are linked to the payment account subject to a fee at national level and standardised terminology


### member states shall ensure that the provisions contained in paragraphs 1 to 7 also apply when the switching service is initiated by a payment service provider located in another member state . ### member states shall ensure that the provisions contained in paragraphs 1 to 7 apply in accordance with the transposition provisions set out in article 28 .


### where one or more payment services referred to in paragraph 1 is offered as part of a package of financial services , the fee information document shall disclose which of the services referred to in paragraph 1 are included in the package , the fee for the entire package and the fee for any service that is not referred to in paragraph 1 . ### where one or more services linked to the payment account referred to in paragraph 1 is offered as part of a package of financial services , the fee information document shall disclose which of the services referred to in paragraph 1 are included in the package and , if it is possible to buy the components separately , the fee for any such service that is referred to in paragraph 1 .


### member states shall ensure that consumers legally resident in the union are not discriminated against by reason of their nationality or place of residence when applying for or accessing a payment account within the union . ### member states shall ensure that consumers legally resident in the union are not discriminated against , in particular by reason of their nationality or place of residence when applying for or accessing a payment account within the union .


### member states shall ensure that payment service providers make available to consumers a glossary of at least the list of payment services referred to in paragraph 1 and the related definitions . ### member states shall ensure that payment service providers make available to consumers a glossary of at least the list of services referred to in paragraph 1 and the related definitions .


### transmit to the receiving payment service provider and , if specifically requested by the consumer pursuant to paragraph 2 , to the consumer a list of all existing standing orders for credit transfers and debtor driven direct debit mandates ; ### provide the consumer with a comprehensive summary list of all existing standing orders for credit transfers and debtor driven direct debit mandates and ask for confirmation for transmitting them to the receiving payment service provider ;


### member states shall ensure that before entering into a contract for a payment account with a consumer , payment service providers provide the consumer with a fee information document containing the list of the most representative services referred to in paragraph 5 of article 3 and the corresponding fees for each service . ### member states shall ensure that in an appropriate time prior to entering into a contract for a payment account with a consumer , payment service providers provide and inform the consumer with a fee information document containing the list of all services linked to the payment account and the corresponding fees for each service . in the event of changes , the consumer shall be informed comprehensively , electronically or on paper .


### member states shall ensure that the competent authorities referred to in article 20 , determine a provisional list of at least 20 payment services accounting for at least 80% of the most representative payment services subject to a fee at national level . the list shall contain terms and definitions for each of the services identified . ### member states shall ensure that the competent authorities referred to in article 20 , determine a provisional list of 80 % of the most representative services linked to the payment account subject to a fee in their member states . that list shall contain terms and definitions for each of the services identified . following the transmission of those provisional lists from the competent authorities of the member states , the commission shall determine a list of services covering 80% of the most representative services linked to the payment accounts subject to a fee at union level . the list shall contain standardised terms and definitions for each of the services identified . a single name shall apply to each service .


### member states shall ensure that when a payment account is offered together with another service or product as part of a package , the payment service provider informs the consumer of whether it is possible to buy the payment account separately and provides separate information regarding the costs and fees associated with each of the products and services offered in the package . ### member states shall ensure that when a payment account is offered together with another financial service or product as part of a package , the payment service provider informs the consumer in an appropriate time prior to entering into a contract for a payment account that it is possible to buy the payment account separately and if so provides separate information regarding the costs and fees associated with each of the financial products and services offered in the package , insofar as they can also be bought separately .


### close the payment account ; ### close the payment account free of charge ;


### member states shall ensure that payment service providers provide a switching service as described in article 10 to any consumer who holds a payment account with a payment service provider located in the union . ### member states shall ensure that payment service providers provide a switching service as described in article 10 to any consumer who holds a payment account with a payment service provider located in the union in accordance with the transposition provisions set out in article 28 . in all member states redirection services in case of switching shall be introduced . the member states shall provide a mechanism for automated redirection of standing orders and direct debits to the account held by the consumer with the receiving payment service provider for a period of at least one year .


### the fee terminology should be determined by national competent authorities , allowing for consideration of the specificities of local markets . to be considered representative , services should be subject to a fee at a minimum of one payment service provider in member states . in addition , where possible , fee terminology should be standardised at eu level , thus allowing for comparison across the union . the european banking authority should establish guidelines to assist member states to determine the most representative payment services subject to a fee at national level . ### the fee terminology should be determined by national competent authorities , allowing for consideration of the specificities of local markets . to be considered representative , services should be subject to a fee or offered free of charge at a minimum of one payment service provider in member states . in addition , where possible , fee terminology should be standardised at eu level , thus allowing for comparison across the union . the european banking authority should establish guidelines to assist member states to determine the most representative payment services , subject to a fee or offered free of charge , at national level .


### member states shall ensure that at least one payment service provider in their territory offers a payment account with basic features to consumers . member states shall ensure that payment accounts with basic features are not only offered by payment service providers that provide the account solely with online banking facilities . ### member states shall ensure that payment accounts with basic features are offered to consumers by all payment service providers in their territory which operate in general retail payment services and that offer payment accounts as an integral part of their regular business . member states shall ensure that payment accounts with basic features are not only offered by payment service providers that provide the account solely with online banking facilities .


### member states shall ensure that consumers legally resident in the union are not discriminated against by reason of their nationality or place of residence when applying for or accessing a payment account within the union . ### member states shall ensure that consumers legally resident in the union are not discriminated against by reason of their nationality or place of residence or any other ground , including sex , ethnic or social origin , religion or belief , disability , age , or sexual orientation , when applying for or accessing a payment account within the union .


### member states shall ensure that the fees charged to the consumer for non - compliance with the consumer ' s commitments laid down in the framework contract are reasonable . ### member states shall ensure that the fees charged to the consumer for non - compliance with the consumer ' s commitments laid down in the framework contract are reasonable and never higher than the fees of the regular pricing policy of the provider . in situations independent of his will , the consumer shall not be charged any fees , such as in cases of rejected recurrent payments due to a late incoming payment .


### member states should ensure that at least one payment service provider offers a payment account with basic features to consumers . access should not be overly difficult and should not entail excessive costs for consumers . in this respect , member states should consider factors such as the location of the designated payment service providers in their territory . in order to minimise the risk for consumers to become financially excluded , member states should improve financial education , including at school , and combat over - indebtedness . furthermore , member states should promote initiatives of payment service providers in order to facilitate the combination of providing payment accounts with basic features and financial education . ### member states should ensure that payment accounts with basic features are offered to consumers by all payment service providers in their territory which operate general retail payment services and that offer payment accounts as an integral part of their regular business . access to payment services with basic features should be provided throughout the union for all consumers legally staying in the union , including students , workers and homeless people without a fixed address . member states should ensure that payment accounts with basic features are not only offered by payment service providers that provide the account solely with online banking facilities . access should not be overly difficult and should be free of charge or entail only a nominal fee for consumers . payment accounts with basic features should be offered free of charge or for a nominal fee , only covering the actual cost incurred by the payment services operator . in this respect , member states should consider factors such as the location of the designated payment service providers in their territory . member states should also ensure that exemptions are only based on the requirements set out in directive 2005 / 60 / ec . in order to minimise the risk for consumers to become financially excluded , member states should improve financial education , including at school , and combat over - indebtedness . furthermore , member states should promote initiatives of payment service providers in order to facilitate the combination of providing payment accounts with basic features and financial education .


### member states shall provide the commission with information on the following matters for the first time within 3 years from entry into force of this directive and every 2 years thereafter : ### member states shall provide the commission with information on the following matters for the first time within 3 years from entry into force of this directive and annually thereafter :


### be operationally independent of any payment service provider ; ### be independent of any payment service provider ;


### consumers who are legally resident in the union and who do not hold a payment account in a certain member state should be in a position to open and use a payment account with basic features in that member state . in order to ensure the widest possible access to such accounts , consumers should have access to them irrespective of their financial circumstances , such as unemployment or personal bankruptcy , and of their place of residence . moreover , the right to access a payment account with basic features in any member state should be granted in conformity with the requirements set out in directive 2005 / 60 / ec of the european parliament and of the council of 26 october 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing16 , in particular with regard to customer due diligence procedures . __________________ 16 oj l 309 , 25 . 11 . 2005 , p . 15 . ### consumers who are legally resident in the union and who do not hold a payment account in a certain member state should be in a position to open and use a payment account with basic features in that member state . in order to ensure the widest possible access to such accounts , consumers should have access to them irrespective of their financial circumstances , such as in particular their employment status , their level and regularity of income , personal bankruptcy , credit history or personal history , and of their place of residence . today , it is necessary for consumers to have access to a bank account to enable them to have effective and full participation in the financial and social community . consumers without a bank account are forced to use cash which not only restricts their choice of payment methods and serves to exclude them from electronic transactions , but is also more expensive . moreover , the right to access a payment account with basic features in any member state should be granted in conformity with the requirements set out in directive 2005 / 60 / ec of the european parliament and of the council of 26 october 2005 on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing16 , in particular with regard to customer due diligence procedures . __________________ 16 oj l 309 , 25 . 11 . 2005 , p . 15 .


### where a consumer already holds a payment account , with a payment service provider located in their territory , which allows him to make use of the payment services listed in article 17 ; ### where a consumer already holds a payment account , with a payment service provider located in their territory , which allows him to make use of the payment services listed in article 16 . the consumer is not considered as a payment account holder if he can prove that he has switched to another payment account in accordance with article 9 or the termination of the previous contract ;


### member states shall ensure that fees , if any , applied by the transferring payment service provider to the consumer for the termination of the payment account held with it are determined in accordance with article 45 of directive 2007 / 64 / ec . ### member states shall ensure that no fees are applied by the transferring payment service provider to the consumer for the termination of the payment account held with it .


### where one or more payment services referred to in paragraph 1 is offered as part of a package of financial services , the fee information document shall disclose which of the services referred to in paragraph 1 are included in the package , the fee for the entire package and the fee for any service that is not referred to in paragraph 1 . ### where one or more services linked to the payment account referred to in paragraph 1 is offered as part of a package of financial services , the fee information document shall disclose which of the services referred to in paragraph 1 are included in the package and , if it is possible to buy the components separately , the fee for any such service that is referred to in paragraph 1 .


### member states shall ensure that in their contractual and commercial information , payment service providers use , where relevant , the terms and definitions contained in the list of the most representative payment services referred to in article 3 , paragraph 5 . ### member states shall ensure that in their contractual and commercial information , payment service providers use the terms and definitions contained in the list of all services linked to the payment account referred to in article 3 , paragraph 1 .


### ‘ transferring payment service provider’ means the payment service provider from which the information on all or some recurrent payments is transferred ; ### ' transferring payment service provider ' means the payment service provider from which the consumer switches the payment account ;


### member states shall ensure that fees , if any , applied by the transferring or the receiving payment service provider to the consumer for any service provided under article 10 , other than those referred to in paragraphs 1 to 3 , shall be appropriate and in line with the actual costs of that payment service provider . ### member states shall ensure that no fees are applied by the transferring or the receiving payment service provider to the consumer for any service provided under article 10 .


### member states shall ensure that the services indicated in article 16 are offered by payment service providers free of charge or for a reasonable fee . ### member states shall ensure that the services indicated in article 16 are offered by payment service providers free of charge or for a nominal fee .


### consumers are only incentivised to switch accounts if the process does not entail an excessive administrative and financial burden . the procedure for switching payment accounts to another payment service provider should be clear and quick . the fees , if any , charged by payment service providers in relation to the switching service should be in line with the actual cost incurred by payment service providers . in order to have positive impact on competition , switching should also be facilitated at cross - border level . given that switching cross - border could be more complex than the switching at national level and may require payment service providers to adapt and refine their internal procedures , longer deadlines for the cross - border switch should be foreseen . the need to maintain different deadlines should be evaluated in the context of the review of the proposed directive . ### consumers are only incentivised to switch accounts if the process does not entail an excessive administrative and financial burden . the procedure for switching payment accounts to another payment service provider should be clear and quick . in order to have positive impact on competition , switching should also be facilitated at cross - border level . nevertheless a longer transposition period should be provided for in relation to the provisions of this directive dealing with switching services . member states should be provided with different transposition periods for the implementation of provisions related to switching services by distinguishing between switching services provided by payment service providers located in the same member state and by service providers located in different member states . in all member states redirection services in case of switching should be introduced . the member states shall provide a mechanism for redirection of standing orders and direct debits to the account held by the consumer with the receiving payment service provider for a period of at least one year .


### member states shall ensure that the competent authorities referred to in article 20 , determine a provisional list of at least 20 payment services accounting for at least 80% of the most representative payment services subject to a fee at national level . the list shall contain terms and definitions for each of the services identified . ### member states shall ensure that the competent authorities referred to in article 20 , determine a comprehensive provisional list of services linked to the payment account subject to a fee at national level . the list shall contain standardised terms and definitions for each of the services identified . only one name shall apply to each service .


### payment transactions through a payment card , including online payments ; ### sepa and non - euro payment transactions through a payment card , including online payments ;


### member states shall ensure that payment service providers provide the consumer with a statement of all fees incurred on their payment account at least annually . ### member states shall ensure that payment service providers provide the consumer free of charge with a statement of all fees incurred on their payment account at least annually and at any time upon request within reasonable limits . this statement may be communicated to consumers electronically or on paper as agreed between parties .


### member states shall ensure that payment service providers provide the consumer with a statement of all fees incurred on their payment account at least annually . ### member states shall ensure that payment service providers provide the consumer free of charge with a statement of all fees incurred on their payment account preferably monthly but at least quarterly .


### it is current practice for payment service providers to offer a payment account in a package with other financial products or services . this practice can be a means for payment service providers to diversify their offer and to compete against each other , and in the end it can be beneficial for consumers . however the commission study on tying practices in the financial sector conducted in 2009 as well as relevant consultations and consumer complaints have showed that payment service providers may offer bank accounts packaged with products not requested by consumers and which are not essential for payment accounts , such as household insurance . moreover , it has been observed that these practices may reduce transparency and comparability of prices , limit purchasing options for consumers and negatively impact upon their mobility . therefore , member states should ensure that when payment service providers offer packaged payment accounts consumers are provided with information on the applicable fees for the payment account and for each other financial service included in the package separately . these obligations should not apply to services which are naturally connected to the use of the payment account , such as withdrawals , wire transfers or payment cards . as a result , these services should be excluded from the scope of this provision . ### it is current practice for payment service providers to offer a payment account in a package with other financial products or services . this practice can be a means for payment service providers to diversify their offer and to compete against each other , and in the end it can be beneficial for consumers . however the commission study on tying practices in the financial sector conducted in 2009 as well as relevant consultations and consumer complaints have showed that payment service providers may offer bank accounts packaged with products not requested by consumers and which are not essential for payment accounts , such as household insurance . moreover , it has been observed that these practices may reduce transparency and comparability of prices , limit purchasing options for consumers and negatively impact upon their mobility . therefore , member states should ensure that when payment service providers offer payment accounts bundled with other financial services consumers are provided with information on whether it is possible to buy the components of the package separately and , if so , whether such services are to be provided with the information on the costs and charges of each financial service included in the package separately , electronically or on paper .


### direct debit ; ### sepa and non - euro direct debit ;


### member states shall ensure that when a payment account is offered together with another service or product as part of a package , the payment service provider informs the consumer of whether it is possible to buy the payment account separately and provides separate information regarding the costs and fees associated with each of the products and services offered in the package . ### member states shall ensure that when a payment account is offered together with another financial service or product as part of a package , the payment service provider informs the consumer in an appropriate time prior to entering into a contract for a payment account that it is possible to buy the payment account separately and if so provides separate information regarding the costs and fees associated with each of the financial products and services offered in the package , insofar as they can also be bought separately .


### member states shall ensure that payment service providers provide a switching service as described in article 10 to any consumer who holds a payment account with a payment service provider located in the union . ### member states shall ensure that payment service providers provide a switching service as described in article 10 to any consumer who holds a payment account with a payment service provider located in the union in accordance with the transposition provisions set out in article 28 . in all member states redirection services in case of switching shall be introduced . the member states shall provide a mechanism for automated redirection of standing orders and direct debits to the account held by the consumer with the receiving payment service provider for a period of at least one year .


### member states shall ensure that consumers legally resident in the union are not discriminated against by reason of their nationality or place of residence when applying for or accessing a payment account within the union . ### member states shall ensure that consumers legally staying in the union are not discriminated against by reason of their nationality or place of residence when applying for or accessing a payment account within the union . holding a basic payment account shall , furthermore , be in no way discriminatory . making any discrimination visible through , for example , a different appearance of the card , a different account or card number , shall not be allowed .


### the unit fee charged for each service , the number of times the service was used during the relevant period and the date on which the service was used ; ### the unit fee charged for each service , or in the case of a package , the fee for the entire package considering it as a single service , the number of times the service was used during the relevant period and the date on which the service was used ;


### member states shall provide the commission with information on the following matters for the first time within 3 years from entry into force of this directive and every 2 years thereafter : ### member states shall provide the commission with information on the following matters for the first time within 2 years from entry into force of this directive and every 2 years thereafter :


### where one or more payment services referred to in paragraph 1 is offered as part of a package of financial services , the fee information document shall disclose which of the services referred to in paragraph 1 are included in the package , the fee for the entire package and the fee for any service that is not referred to in paragraph 1 . ### where one or more services linked to the payment account referred to in paragraph 1 is offered as part of a package of financial services , the fee information document shall disclose which of the services referred to in paragraph 1 are included in the package and , if it is possible to buy the components separately , the fee for any such service that is referred to in paragraph 1 .


### member states shall ensure that the competent authorities referred to in article 20 , determine a provisional list of at least 20 payment services accounting for at least 80% of the most representative payment services subject to a fee at national level . the list shall contain terms and definitions for each of the services identified . ### member states shall ensure that the competent authorities referred to in article 20 , determine a provisional list of 80 % of the most representative services linked to the payment account subject to a fee in their member states . that list shall contain terms and definitions for each of the services identified . following the transmission of those provisional lists from the competent authorities of the member states , the commission shall determine a list of services covering 80% of the most representative services linked to the payment accounts subject to a fee at union level . the list shall contain standardised terms and definitions for each of the services identified . a single name shall apply to each service .


### member states shall ensure that , in the cases indicated in paragraph 3 , the payment service provider immediately informs the consumer of the refusal , in writing and free of charge , unless such disclosure would be contrary to the objectives of national security or public policy . ### member states shall ensure that , in the cases indicated in paragraph 3 , the payment service provider immediately informs the consumer of the specific reasons for the refusal , in writing and free of charge , unless such disclosure would be contrary to the objectives of national security or public policy . the written notification shall include information for the consumer regarding possible channels of appeal or consultation services available to him should he wish to contest the refusal . if several channels of appeal or consultation services are available in a member state , the notification shall inform him of at least one channel of appeal or consultation service available to him free of charge or at a reasonable fee .


### ‘ fees’ means the charges , if any , payable by the consumer to the payment service provider for the provision of payment services or for transactions operated on a payment account ; ### ' fees ' means all costs which are linked to the payment account , including overdraft facilities , penalties and interest rates for credit cards , if any , payable by the consumer to the payment service provider for the provision of payment services or for transactions operated on a payment account ;


### there has been no transaction on the account for more than 12 consecutive months ; ### there has been no transaction on the account for more than 24 consecutive months ;


### member states shall ensure that payment service providers provide the consumer with a statement of all fees incurred on their payment account at least annually . ### member states shall ensure that payment service providers provide the consumer with a statement of all fees incurred and the interest earned and paid on their payment account at least annually .