### where the automated processing laid down in article 18 has reported that the applicant replied affirmatively to one of the questions referred to in article 15 , the etias national unit of the responsible member state shall assess the irregular migration , security or public health risk and decide whether to issue or refuse a travel authorisation . ### where the automated processing laid down in article 18 has reported that the applicant replied affirmatively to one of the questions referred to in article 15 , the etias national unit of the responsible member state shall assess the security , illegal immigration , or public health risk and decide whether to issue or refuse a travel authorisation .


### that decisions on applications must be notified to the applicant , that such decisions must state , where relevant , the reasons for refusal on which they are based and that applicants whose applications are refused have a right to appeal , with information regarding the procedure to be followed in the event of an appeal , including the competent authority , as well as the time limit for lodging an appeal ; ### that decisions on applications must be notified to the applicant , that such decisions must state clearly , where relevant , the reasons for refusal on which they are based and that applicants whose applications are refused have a right to appeal and to an effective remedy , with information regarding the procedure to be followed in the event of an appeal or a remedy , including the competent authority , as well as the time limit for lodging an appeal or a remedy ;


### - to further specify the security , irregular migration or public health risks to be used for the establishment of the risk indicators . ### - to further specify the security or irregular migration risks to be used for the establishment of the risk indicators .


### information provided by member states concerning abnormal rates of overstayers and refusals of entry for a specific group of travellers for that member state ; ### information provided by member states concerning abnormal rates of overstayers and refusals of entry for a specific group of travellers for that member state , substantiated by objective and evidence - based elements ;


### processing of personal data within the etias information system by any user shall not result in discrimination against third country nationals on the grounds of sex , racial or ethnic origin , religion or belief , disability , age or sexual orientation . it shall fully respect human dignity and integrity . particular attention shall be paid to children , the elderly and persons with a disability . ### processing of personal data within the etias information system by any user shall not result in discrimination against third country nationals on the grounds of sex , race , colour , ethnic or social origin , genetic features , language , religion or belief , political or any other opinion , membership of a national minority , property , birth , disability , age or sexual orientation . it shall fully respect human dignity and integrity .


### reasonable grounds exist to consider that the consultation of data stored in the etias central system may substantially contribute to the prevention , detection or investigation of any of the criminal offences in question , in particular where there is a substantiated suspicion that the suspect , perpetrator or victim of a terrorist offence or other serious criminal offence falls under the category of third country nationals covered by this regulation ; ### evidence or reasonable grounds exist to consider that the consultation of data stored in the etias central system will substantially contribute to the prevention , detection or investigation of any of the serious criminal offences in question , in particular where there is a substantiated suspicion that the suspect , perpetrator or victim of a terrorist offence or other serious criminal offence falls under the category of third country nationals covered by this regulation ;


### the etias central system shall compare the relevant data referred to in article 15 , , , , , , and to the data present in the etias watchlist referred to in article 29 . ### the etias central system shall compare the relevant data referred to in article 15 , , , , and to the data present in the etias watchlist referred to in article 29 .


### to meet its objectives , the etias should provide an online application form that the applicant should fill in with declarations relating to his or her identity , travel document , residence information , contact details , education and current occupation , his or her condition of family member to eu citizens or third country nationals benefiting from free movement not holding a residence card , if the applicant is minor , identity of the responsible person and answers to a set of background questions . access to the applicants ' health data should only be allowed to determine whether they represent a threat to public health . ### to meet its objectives , the etias should provide an online application form that the applicant should fill in with declarations relating to his or her identity , travel document , residence information , contact details , his or her condition of family member to eu citizens or third country nationals benefiting from free movement not holding a residence card , if the applicant is minor , identity of the responsible person and answers to a set of background questions .


### a delegated act adopted pursuant to article 15 and , article 16 , article 28 and article 72 and shall enter into force only if no objection has been expressed either by the european parliament or the council within a period of [ two months ] of notification of that act to the european parliament and the council or if , before the expiry of that period , the european parliament and the council have both informed the commission that they will not object . that period shall be extended by [ two months ] at the initiative of the european parliament or of the council . ### a delegated act adopted pursuant to article 15 and , article 16 , article 28 , article 72 and and article 73 shall enter into force only if no objection has been expressed either by the european parliament or the council within a period of [ two months ] of notification of that act to the european parliament and the council or if , before the expiry of that period , the european parliament and the council have both informed the commission that they will not object . that period shall be extended by [ two months ] at the initiative of the european parliament or of the council .


### both eu - lisa and the etias national units shall ensure the security of processing of personal data takes place pursuant to the application of this regulation . eu - lisa and the etias national units shall cooperate on security related tasks . ### eu - lisa , the etias national units and the european border and coast guard agency shall ensure the security of processing of personal data takes place pursuant to the application of this regulation . eu - lisa , the etias national units and the european border and coast guard agency shall cooperate on security related tasks .


### new elements introduced by europol in the etias watchlist shall be compared to the data of the application files in the etias central system . where the comparison results in a hit , the etias national unit of the member state of first entry as declared by the applicant in accordance with article 15 shall assess the security risk and , where it concludes that the conditions for granting are no longer met , it shall revoke the travel authorisation . ### new elements introduced by europol in the etias watchlist shall be compared to the data of the application files in the etias central system . where the comparison results in a hit , the etias national unit of the responsible member state in accordance with article 22 shall assess the security risk and , where it concludes that the conditions for granting are no longer met , it shall revoke the travel authorisation .


### the consultation is necessary for the purpose of the prevention , detection or investigation of a terrorist offences or another serious criminal offence ; ### the consultation is necessary for the purpose of the prevention , detection or investigation of a terrorist offence or another serious criminal offence ;


### the commission shall be empowered to adopt delegated acts in accordance with article 78 to further specify the irregular migration , security or public health risks referred to in paragraph 2 . ### the commission shall be empowered to adopt delegated acts in accordance with article 78 to further specify the security or public health risks referred to in paragraph 2 .


### eu - lisa shall define the design of the physical architecture of the system including its communication infrastructure as well as the technical specifications and their evolution as regards the central system , the uniform interfaces , which shall be adopted by the management board , subject to a favourable opinion of the commission . eu - lisa shall also implement any necessary adaptations to the ees , sis , eurodac , ecris or vis deriving from the establishment of interoperability with the etias . ### eu - lisa shall define the design of the physical architecture of the system including its communication infrastructure as well as the technical specifications and their evolution as regards the central system , the uniform interfaces , which shall be adopted by the management board , subject to a favourable opinion of the commission .


### interoperability between the etias information system and other information systems consulted by etias such as [ the entry / exit system ] , the visa information system , the europol data , the schengen information system , [ the eurodac ] and [ the european criminal records information system ] shall be established to enable carrying out the risk assessment referred to in article 18 . ### interoperability between the etias information system and other information systems consulted by etias such as [ the entry / exit system ] , the visa information system , the europol data , the schengen information system , [ the eurodac ] and [ the european criminal records information system ] shall be established to enable carrying out the automated processing referred to in article 18 .


### the technology that is necessary to meet the euro 5 limits is already available however the commission concluded in its report to the european parliament and the council on the basis of the comprehensive environmental effect study carried out according to article 23 of regulation no 168 / 2013 of the european parliament and of the council regarding the euro 5 emission step , that the date of application of the euro 5 emission limits for certain l - category vehicles will need to be postponed from 2020 to 2022 to increase the cost beneficial ratio compared to the base line . in addition manufacturers of these vehicles , which are mainly smes , require more lead time to ensure that the transition towards zero emission powertrains , such as electrification can be achieved in a cost effective way . ### the technology that is necessary to meet the euro 5 limits is already available however the commission concluded in its report to the european parliament and the council on the basis of the comprehensive environmental effect study carried out according to article 23 of regulation no 168 / 2013 of the european parliament and of the council regarding the euro 5 emission step , that the date of application of the euro 5 emission limits for certain l - category vehicles will need to be postponed from 2020 to 2022 to increase the cost beneficial ratio compared to the base line . in addition manufacturers of these vehicles , which are mainly smes , require more lead time to ensure that the transition towards zero emission powertrains , such as electrification can be achieved in a cost effective way . however , it is recognised that early transition towards zero emission technology , where possible , will have a positive impact on the overall environmental goals of the union .


### the rule of law requires that all public powers act within the constraints set out by law , in accordance with the values of democracy and fundamental rights , and under the control of independent and impartial courts . it requires , in particular , that the principles of legality7 , legal certainty8 , prohibition of arbitrariness of the executive powers9 , separation of powers10 , and effective judicial protection by independent courts11 are respected12 . __________________ 7 judgment of the court of justice of 29 april 2004 , cas succhi di frutta , c - 496 / 99 pecli : eu : c : 2004 : 236 , paragraph 63 . 8 judgment of the court of justice of 12 november 1981 , amministrazione delle finanze dello stato v srl meridionale industria salumi and others ditta italo orlandi & figlio and ditta vincenzo divella v amministrazione delle finanze dello stato . joined cases 212 to 217 / 80 , ecli : eu : c : 1981 : 270 , paragraph 10 . 9 judgment of the court of justice of 21 september 1989 , hoechst , joined cases 46 / 87 and 227 / 88 , ecli : eu : c : 1989 : 337 , paragraph 19 . 10 judgment of the court of justice of 10 november 2016 , kovalkovas , c - 477 / 16 , ecli : eu : c : 2016 : 861 , paragraph 36 ; judgment of the court of justice of 10 november 2016 , ppu poltorak , c - 452 / 16 , ecli : eu : c : 2016 : 858 , paragraph 35 ; and judgment of the court of justice of 22 december 2010 , deb , c - 279 / 09 , ecli : eu : c : 2010 : 811 , paragraph 58 . 11 judgment of the court of justice of 27 february 2018 , associação sindical dos juízes portugueses v tribunal de contas c - 64 / 16 , ecli : eu : c : 2018 : 117 , paragraphs 31 , 40 - 41 . 12 communication from the commission ' a new eu framework to strengthen the rule of law ' , com 158 final , annex i . ### the rule of law requires that all public powers act within the constraints set out by law , in accordance with the constitution of every member state , the values of democracy and fundamental rights , and under the control of independent and impartial courts . it requires , in particular , that the principles of legality7 , legal certainty8 , prohibition of arbitrariness of the executive powers9 , separation of powers10 , and effective judicial protection by independent courts11are respected12 . __________________ 7 judgment of the court of justice of 29 april 2004 , cas succhi di frutta , c - 496 / 99 pecli : eu : c : 2004 : 236 , paragraph 63 . 8 judgment of the court of justice of 12 november 1981 , amministrazione delle finanze dello stato v srl meridionale industria salumi and others ditta italo orlandi & figlio and ditta vincenzo divella v amministrazione delle finanze dello stato . joined cases 212 to 217 / 80 , ecli : eu : c : 1981 : 270 , paragraph 10 . 9 judgment of the court of justice of 21 september 1989 , hoechst , joined cases 46 / 87 and 227 / 88 , ecli : eu : c : 1989 : 337 , paragraph 19 . 10 judgment of the court of justice of 10 november 2016 , kovalkovas , c - 477 / 16 , ecli : eu : c : 2016 : 861 , paragraph 36 ; judgment of the court of justice of 10 november 2016 , ppu poltorak , c - 452 / 16 , ecli : eu : c : 2016 : 858 , paragraph 35 ; and judgment of the court of justice of 22 december 2010 , deb , c - 279 / 09 , ecli : eu : c : 2010 : 811 , paragraph 58 . 11 judgment of the court of justice of 27 february 2018 , associação sindical dos juízes portugueses v tribunal de contas c - 64 / 16 , ecli : eu : c : 2018 : 117 , paragraphs 31 , 40 - 41 . 12 communication from the commission ' a new eu framework to strengthen the rule of law ' , com 158 final , annex i .


### the objective of the european solidarity corps is to enhance the engagement of young people and organisations in accessible and high quality solidarity activities as a means to contribute to strengthening cohesion and solidarity in europe , supporting communities and responding to societal challenges . ### the objective of the european solidarity corps is to enhance the engagement of young people and organisations in accessible and high quality solidarity activities as a means to contribute to strengthening cohesion and solidarity in europe , supporting communities and responding to societal challenges , in correlation with society’s development .


### solidarity placements in the form of volunteering , traineeships or jobs , including individual cross - border and in - country placements as well as volunteering teams ' placements ; ### solidarity placements in the form of volunteering , traineeships or jobs , including individual&#160 ; placements as well as volunteering teams ' placements ;


### traineeships and jobs in solidarity - related areas can offer additional opportunities for young people to make a start on the labour market while contributing to addressing key societal challenges . this can help foster the employability and productivity of young people while easing their transition from education to employment , which is key to enhancing their chances on the labour market . the traineeship placements offered under the european solidarity corps should be remunerated by the participating organisation and follow the quality principles outlined in the council recommendation on establishing a quality framework for traineeships of 10 march 201421 . the traineeships and jobs offered should constitute a stepping stone for young people to enter the labour market and should therefore be accompanied by adequate post - placement support . the traineeship and job placements should be facilitated by relevant labour market actors , in particular public and private employment services , social partners and chambers of commerce . as participating organisations , they should be able to apply for funding via the competent implementing structure of the european solidarity corps in view of intermediating between the young participants and employers offering traineeship and job placements in solidarity sectors . _________________ 21 council recommendation of 10 march 2014 on a quality framework for traineeships , oj c 88 , 27 . 3 . 2014 , p . 1 . ### traineeships and jobs in solidarity - related areas can offer additional opportunities for young people to make a start on the labour market while contributing to addressing key societal challenges . this can help foster the employability and productivity of young people while easing their transition from educational institutions to employment , which is key to enhancing their chances on the labour market . the traineeship placements offered under the european solidarity corps should be remunerated by the participating organisation and follow unconditionally the quality principles outlined in the council recommendation on establishing a quality framework for traineeships of 10 march 201421 . the traineeships and jobs offered should constitute a stepping stone for young people to enter the labour market and should therefore be accompanied by adequate post - placement support . the traineeship and job placements should be facilitated by relevant labour market actors , in particular public and private employment services , social partners and chambers of commerce . as participating organisations , they should be able to apply for funding via the competent implementing structure of the european solidarity corps in view of intermediating between the young participants and employers offering traineeship and job placements in solidarity sectors . _________________ 21 council recommendation of 10 march 2014 on a quality framework for traineeships , oj c 88 , 27 . 3 . 2014 , p . 1 .


### a participating country may make national funding available to beneficiaries to be managed in accordance with the rules of the european solidarity corps and , to this end , use the decentralised structures of the european solidarity corps , as long as it ensures the complementary pro rata funding of these structures . ### a participating country , local or regional authority may make additional funding available to beneficiaries to be managed in accordance with the rules of the european solidarity corps and , to this end , use the decentralised structures of the european solidarity corps , as long as it ensures the complementary pro rata funding of these structures .


### the european solidarity corps should open up new opportunities for young people to carry out volunteering , traineeship or job placements in solidarity - related areas as well as to devise and develop solidarity projects based on their own initiative . those opportunities should contribute to enhancing their personal , educational , social , civic and professional development . the european solidarity corps should also support networking activities for european solidarity corps participants and organisations as well as measures to ensure the quality of the supported activities and to enhance the validation of their learning outcomes . ### the european solidarity corps should open up new opportunities for young people to carry out volunteering , traineeship or job placements in solidarity - related areas as well as to devise and develop transnational and cross - border solidarity projects based on their own initiative . those opportunities should contribute to enhancing their personal , educational , social , civic and professional development and to contribute towards the creation of a genuine european citizenship and to improve the solidarity between young people . the european solidarity corps should also support networking activities for european solidarity corps participants and organisations as well as measures to ensure the quality of the supported activities and to enhance the validation of their learning outcomes .


### the commission , in cooperation with the participating countries , shall ensure the dissemination of information , publicity and follow - up with regard to all actions supported in the framework of the european solidarity corps . ### the commission , in cooperation with the participating countries , shall ensure the dissemination of information , publicity and follow - up with regard to all actions supported in the framework of the european solidarity corps , in particular through the portal available in all official languages of the union .


### in its communication “a european solidarity corps”18 , of 7 december 2016 , the commission emphasised the need to strengthen the foundations for solidarity work across europe , to provide young people with more and better opportunities for solidarity activities covering a broad range of areas , and to support national and local actors , in their efforts to cope with different challenges and crises . the communication launched a first phase of the european solidarity corps whereby different union programmes have been mobilised to offer volunteering , traineeship or job opportunities to young people across the eu . these activities , whether implemented before or after the entry into force of this regulation , should continue to apply the rules and conditions set by the respective union programmes that have financed them under the first phase of the european solidarity corps . _________________ 18 communication from the commission to the european parliament , the council , the european economic and social committee and the committee of the regions a european solidarity corps , com 942 final of 7 . 12 . 2016 . ### in its communication “a european solidarity corps”18 , of 7 december 2016 , the commission emphasised the need to strengthen the foundations for solidarity work across europe , to provide young people with more and better opportunities for solidarity activities covering a broad range of areas , and to support national , regional and local actors , in their efforts to cope with different challenges and crises . the communication launched a first phase of the european solidarity corps whereby different union programmes have been mobilised to offer volunteering , traineeship or job opportunities to young people across the eu . these activities , whether implemented before or after the entry into force of this regulation , should continue to apply the rules and conditions set by the respective union programmes that have financed them under the first phase of the european solidarity corps . _________________ 18 communication from the commission to the european parliament , the council , the european economic and social committee and the committee of the regions a european solidarity corps , com 942 final of 7 . 12 . 2016 .


### traineeships and jobs in solidarity - related areas can offer additional opportunities for young people to make a start on the labour market while contributing to addressing key societal challenges . this can help foster the employability and productivity of young people while easing their transition from education to employment , which is key to enhancing their chances on the labour market . the traineeship placements offered under the european solidarity corps should be remunerated by the participating organisation and follow the quality principles outlined in the council recommendation on establishing a quality framework for traineeships of 10 march 201421 . the traineeships and jobs offered should constitute a stepping stone for young people to enter the labour market and should therefore be accompanied by adequate post - placement support . the traineeship and job placements should be facilitated by relevant labour market actors , in particular public and private employment services , social partners and chambers of commerce . as participating organisations , they should be able to apply for funding via the competent implementing structure of the european solidarity corps in view of intermediating between the young participants and employers offering traineeship and job placements in solidarity sectors . _________________ 21 council recommendation of 10 march 2014 on a quality framework for traineeships , oj c 88 , 27 . 3 . 2014 , p . 1 . ### traineeships and jobs in solidarity - related areas can offer additional opportunities for young people to make a start on the labour market while contributing to addressing key societal challenges . this can help foster the employability and productivity of young people , also based on each individual’s personal skills , while easing their transition from education to employment , which is key to enhancing their chances on the labour market . the traineeship placements offered under the european solidarity corps should be remunerated by the participating organisation and follow the quality principles outlined in the council recommendation on establishing a quality framework for traineeships of 10 march 201421 . the traineeships and jobs offered should constitute a stepping stone for young people to enter the labour market and should therefore be accompanied by adequate post - placement support . the traineeship and job placements should be facilitated by relevant labour market actors , in particular public and private employment services , social partners and chambers of commerce . as participating organisations , they should be able to apply for funding via the competent implementing structure of the european solidarity corps in view of intermediating between the young participants and employers offering traineeship and job placements in solidarity sectors . _________________ 21 council recommendation of 10 march 2014 on a quality framework for traineeships , oj c 88 , 27 . 3 . 2014 , p . 1 .


### the commission and the participating countries shall cooperate to achieve efficiency and effectiveness , by ensuring coherence between national programmes and schemes related to solidarity , education , vocational training and youth on the one hand and actions under the european solidarity corps on the other hand . those actions shall build on relevant good practices and existing programmes . ### the commission and the participating countries shall cooperate to achieve efficiency and effectiveness , by ensuring coherence between national , regional and local programmes and schemes related to solidarity , education , vocational training and youth on the one hand and actions under the european solidarity corps on the other hand . those actions shall build on relevant good practices and existing programmes .


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


### to ensure that the solidarity activities that are offered to the european solidarity corps participants contribute to addressing concrete , unmet societal needs and strengthening communities , are of high quality and properly validated . ### to ensure that the solidarity activities that are offered to the european solidarity corps participants contribute to addressing concrete , unmet societal needs , strengthening communities , are of high quality and properly validated .


### measures aimed at ensuring the quality of solidarity placements , including training , language support , administrative support for participants and participating organisations , insurance , post - placement support as well as the development of a certificate that identifies and documents the knowledge , skills and competences acquired during the placement ; ### measures aimed at ensuring the quality of solidarity placements , including training , language support , administrative support for participants and participating organisations , insurance , post - placement support as well as the development of a certificate recognised at european level that identifies and documents the knowledge , skills and competences acquired during the placement ;


### the european solidarity corps should open up new opportunities for young people to carry out volunteering , traineeship or job placements in solidarity - related areas as well as to devise and develop solidarity projects based on their own initiative . those opportunities should contribute to enhancing their personal , educational , social , civic and professional development . the european solidarity corps should also support networking activities for european solidarity corps participants and organisations as well as measures to ensure the quality of the supported activities and to enhance the validation of their learning outcomes . ### the european solidarity corps should open up new opportunities for young people to carry out volunteering , traineeship or job placements in solidarity - related areas as well as to devise and develop solidarity projects based on their own initiative . those opportunities should contribute to enhancing their personal , educational , social , civic and professional development , with a view to improving their subsequent access to the labour market . the european solidarity corps should also support networking activities for european solidarity corps participants and organisations enabling them to exchange best practices , as well as measures to ensure the quality of the supported activities and to enhance the validation of their learning outcomes .


### any entity willing to participate in the european solidarity corps , whether funded by the european solidarity corps budget , by another union programme or by a different funding source , should receive a quality label provided that the appropriate conditions are fulfilled . the process that leads to the attribution of a quality label should be carried out on a continuous basis by the implementing structures of the european solidarity corps . the attributed quality label should be reassessed periodically and could be revoked if , in the context of the checks to be performed , the conditions that led to its attribution were found to be no longer fulfilled . ### any entity willing to participate in the european solidarity corps , whether funded by the european solidarity corps budget , by another union programme or by a different funding source , should receive a quality label provided that the appropriate conditions are fulfilled . the process that leads to the attribution of a quality label should be carried out on a continuous , public and transparent basis by the implementing structures of the european solidarity corps . the attributed quality label should be reassessed annually and could be revoked if , in the context of the checks to be performed , the conditions that led to its attribution were found to be no longer fulfilled .


### entso - e shall update and improve the methodology regularly in accordance with paragraphs 1 to 3 . the agency or the commission may request such updates and improvements with due justification . within six months from the request , entso - e shall submit to the agency a draft of the proposed changes . within a period of two months of receiving the draft , the agency shall amend or approve the changes and publish it on its website . ### entso - e shall update and improve the methodology regularly in accordance with paragraphs 1 to 3 . the agency or the commission may request such updates and improvements with due justification . within six months from the request , entso - e shall submit to the agency a draft of the proposed changes . within a period of two months of receiving the draft , the agency shall approve or amend the changes . in the latter case , it shall consult entso - e before adopting the amended version and publish it on its website .


### by [ opoce to insert exact date : two months after entry into force of this regulation ] , entso - e shall submit to the agency a proposal for a methodology for identifying the most relevant electricity crisis scenarios in a regional context . ### by . . . [ opoce to insert exact date : four months after entry into force of this regulation ] , entso - e shall submit to the agency a proposal for a methodology for identifying the most relevant electricity crisis scenarios in a regional context .


### entso - e shall update and improve the methodology regularly in accordance with paragraphs 1 to 5 . the agency or the commission may request such updates and improvements with due justification . within six months from the request , entso - e shall submit to the agency a draft of the proposed changes . within a period of two months of receiving the draft , the agency shall amend or approve the changes and publish it on its website . ### entso - e shall update and improve the methodology regularly in accordance with paragraphs 1 to 5 . the agency or the commission may request such updates and improvements with due justification . within six months from the request , entso - e shall submit to the agency a draft of the proposed changes . within a period of two months of receiving the draft , the agency shall approve or amend the changes . in the latter case , it shall consult with entso - e before adopting the amended version and publish it on its website .


### by [ opoce to insert exact date : ten months after entry into force of this regulation ] , member states shall identify the most relevant electricity crisis scenarios at the national level . ### by . . . [ opoce to insert exact date : twelve months after entry into force of this regulation ] , member states shall identify the most relevant electricity crisis scenarios at the national level .


### by [ opoce to insert exact date : ten months after entry into force of this regulation ] and on the basis of the methodology adopted pursuant to article 5 , entso - e shall identify the most relevant electricity crisis scenarios for each region . it may delegate tasks relating to the identification of regional crisis scenarios to the regional operational centres . ### by . . . [ opoce to insert exact date : eight months after entry into force of this regulation ] and on the basis of the methodology adopted pursuant to article 5 , entso - e shall identify the most relevant electricity crisis scenarios for each region . it may delegate tasks relating to the identification of regional crisis scenarios to the regional operational centres . when identifying the risk scenarios related to malicious attacks , entso - e and the regional operational centres shall ensure that the confidentiality of sensitive information is preserved .


### non - market measures may be activated in a crisis situation and only if all options provided by the market have been exhausted . they shall not unduly distort competition and the effective functioning of the electricity market . they shall be necessary , proportionate , non - discriminatory and temporary . ### non - market measures shall be activated in a crisis situation only if all options provided by the market have been exhausted , and when the continuation of market activities could lead to the further deterioration of a crisis situation . they shall not unduly distort competition and the effective functioning of the electricity market . they shall be necessary , proportionate , non - discriminatory and temporary .


### the regional measures to be included in the plan shall be agreed by the competent authorities of the member states in the region concerned . at least eight months before the deadline for the adoption or the updating of the plan , the competent authorities shall report on the agreements reached to the electricity coordination group . if the competent authorities concerned were not able to reach an agreement , they shall inform the commission of the reasons for such disagreement . in such case the commission may request the agency to facilitate the conclusion of an agreement in consultation with entso - e . ### the regional measures to be included in the plan shall be agreed by the competent authorities of the member states in the region concerned . the commission may have a facilitating role overall in the preparation of the agreement on regionally coordinated measures . the commission may request the agency and entso - e to provide technical assistance to the member states concerned with the view to facilitating an agreement . at least eight months before the deadline for the adoption or the updating of the plan , the competent authorities shall report on the agreements reached to the electricity coordination group . if the competent authorities concerned were not able to reach an agreement , they shall inform the commission of the reasons for such disagreement . in such a case the commission shall propose a cooperation mechanism for the conclusion of an agreement on regional measures .


### before submitting the proposed methodology , entso - e shall conduct a consultation exercise involving at least the industry and consumer organisations , distribution system operators , national regulatory authorities and other national authorities . entso - e shall duly take into account the results of the consultation . ### before submitting the proposed methodology , entso - e shall conduct a consultation exercise involving at least the industry and consumer organisations , generators , distribution system operators , national regulatory authorities and other national authorities . entso - e shall duly take into account the results of the consultation .


### by [ opoce to insert exact date : two months after entry into force of this regulation ] , entso - e shall submit to the agency a proposal for a methodology for assessing short - term adequacy , namely seasonal adequacy as well as week - ahead to intraday adequacy , which shall cover at least the following : ### by . . . [ opoce to insert exact date : four months after entry into force of this regulation ] , entso - e shall submit to the agency a proposal for a methodology for assessing short - term adequacy , namely seasonal adequacy as well as week - ahead to intraday adequacy , which shall cover at least the following :


### an electricity crisis might extend beyond union borders comprising also energy community countries . in order to ensure an efficient crisis management on borders between the member states and the contracting parties , the union should closely cooperate with the energy community contracting parties when preventing , preparing for and handling an electricity crisis . ### an electricity crisis might extend beyond union borders comprising also energy community countries . as party to the energy community treaty , the union should promote amendments to that treaty with the aim of creating an integrated market and a single regulatory space by providing and appropriate and stable regulatory framework . in order to ensure an efficient crisis management on borders between the member states and the contracting parties , the union should closely cooperate with the energy community contracting parties when preventing , preparing for and handling an electricity crisis .


### on the basis of the regional and national electricity crisis scenarios identified pursuant to articles 6 and 7 , the competent authority of each member state shall establish a risk - preparedness plan , after consulting the electricity and gas undertakings , the relevant organisations representing the interests of household and industrial electricity customers and the national regulatory authority . ### on the basis of the regional and national electricity crisis scenarios identified pursuant to articles 6 and 7 , the competent authority of each member state shall establish a risk - preparedness plan , after consulting the electricity and gas undertakings , the relevant organisations representing the interests of household and industrial electricity customers and the national regulatory authority . the confidentiality of sensitive information relating to the prevention and mitigation of malicious attacks shall be ensured . if a competent authority considers that certain sensitive information is not to be disclosed , it shall provide a non - confidential summary thereof .


### for as long as the only contributors to the efsi are the union and the eib , the number of members and votes within the steering board shall be allocated based on the respective size of contributions in the form of cash or guarantees . ### for as long as the only contributors to the efsi are the union and the eib , the number of members and votes within the steering board shall be allocated based on the respective size of contributions in the form of cash or guarantees . the number of members and votes for the union shall reflect the sectorial contributions from the union budget in accordance with the different policy sectors of article 5 .


### any surplus shall be paid in one transaction to a special heading in the statement of revenue in the general budget of the european union of the year n + 1 , ### any surplus shall be paid in one transaction to a special heading in the statement of revenue in the general budget of the european union of the year n + 1 , &#160 ; and shall be reallocated to programmes which envelopes might have been reduced to finance the guarantee fund , as referred to in paragraph 5a , in order to compensate these losses ;


### the efsi should support strategic investments with high economic value added contributing to achieving union policy objectives . ### the efsi should support strategic investments or operations between a member state and a country falling within the scope of the european neighbourhood policy including the strategic partnership , the enlargement policy , and the european economic area or the european free trade association , or investments implementing the eu macro - regional strategies and operations between a member state and an overseas country or territory , as set out in annex ii of the treaty on the functioning of the european union . the investments should guarantee high economic and social added value , promoting quality jobs , sustainable innovation , skills and high quality employment , integrating and completing the single market , boosting the competitiveness of the eu . these strategic projects should benefit from positive externalities created by public investment and european structural and investment funds in order to achieve union policy objectives .


### to partially finance the contribution from the union budget , the available envelopes of the horizon 2020 – the framework programme for research and innovation 2014 - 2020 , provided by regulation no 1291 / 2013 of the european parliament and of the council2 , and the connecting europe facility , provided by regulation no 1316 / 2013 of the european parliament and of the council3 , should be reduced . those programmes serve purposes that are not replicated by the efsi . however , the reduction of both programmes to finance the guarantee fund is expected to ensure a greater investment in certain areas of their respective mandates than is possible through the existing programmes . the efsi should be able to leverage the eu guarantee to multiply the financial effect within those areas of research , development and innovation and transport , telecommunications and energy infrastructure compared to if the resources had been spent via grants within the planned horizon 2020 and connecting europe facility programmes . it is , therefore , appropriate to redirect part of the funding presently envisaged for those programmes to the benefit of efsi . __________________ 2 regulation no 1291 / 2013 of the european parliament and of the council of 11 december 2013 establishing horizon 2020 - the framework programme for research and innovation and repealing decision no 1982 / 2006 / ec . 3 regulation no 1316 / 2013 of the european parliament and of the council of 11 december 2013 establishing the connecting europe facility , amending regulation no 913 / 2010 and repealing regulations no 680 / 2007 and no 67 / 2010 . ### to partially finance the contribution from the union budget , the available envelopes of the horizon 2020 – the framework programme for research and innovation 2014 - 2020 , provided by regulation no 1291 / 2013 of the european parliament and of the council2 , and the connecting europe facility , provided by regulation no 1316 / 2013 of the european parliament and of the council3 , should be reduced . those programmes serve purposes that are not replicated by the efsi . however , the reduction of both programmes to finance the guarantee fund should ensure a greater investment in certain areas of their respective mandates than is possible through the existing programmes . the efsi should be able to leverage the eu guarantee to multiply the financial effect within those areas of research , development and innovation and transport , telecommunications and energy infrastructure compared to if the resources had been spent via grants within the planned horizon 2020 and connecting europe facility programmes . it is , indeed , appropriate to allocate the funding of those programmes to their priorities . __________________ 2 regulation no 1291 / 2013 of the european parliament and of the council of 11 december 2013 establishing horizon 2020 - the framework programme for research and innovation and repealing decision no 1982 / 2006 / ec . 3 regulation no 1316 / 2013 of the european parliament and of the council of 11 december 2013 establishing the connecting europe facility , amending regulation no 913 / 2010 and repealing regulations no 680 / 2007 and no 67 / 2010 .


### the steering board shall take decisions by consensus . ### the steering board shall take decisions by consensus . when determining the policy of projects and the strategic orientation foreseen in paragraph 1 , the steering committee should ensure sectoral diversification of beneficiaries as well as encourage a gradual geographical diversification across the member states .


### the investment committee shall be composed of six independent experts and the managing director . independent experts shall have a high level of relevant market experience in project finance and be appointed by the steering board for a renewable fixed term of three years . ### the investment committee shall be composed of six independent experts and the managing director and a representative of the european commission . the representative of the european commission shall have no voting power but shall confirm the consistency of potential operations with union policies . independent experts shall have a high level of relevant market experience in project finance as well as in the investment areas concerned by the efsi as defined in article 5 , paragraph 2 , and be appointed by the steering board for a renewable fixed term of three years . their recruitment follows a transparent procedure and their declaration of financial interests is transmitted to the commission , the european parliament and the council .


### the purpose of the efsi should be to help resolve the difficulties in financing and implementing productive investments in the union and to ensure increased access to financing . it is intended that increased access to financing should be of particular benefit to small and medium enterprises . it is also appropriate to extend the benefit of such increased access to financing to mid - cap companies , which are companies having up to 3000 employees . overcoming europe ' s current investment difficulties should contribute to strengthening the union ' s economic , social and territorial cohesion . ### the purpose of the efsi should be to help resolve the difficulties in financing and implementing productive investments in the union and to ensure increased and fair access to financing . it is intended that increased access to financing should be of particular benefit to small and medium enterprises . overcoming europe ' s current investment difficulties should contribute to strengthening the union ' s economic , social and territorial cohesion .


### endowments to the guarantee fund provided for in points and of paragraph 2 shall constitute internal assigned revenues in accordance with article 21 of regulation no 966 / 2012 . ### endowments to the guarantee fund provided for in points , and of paragraph 2 shall constitute internal assigned revenues in accordance with article 21 of regulation no 966 / 2012 .


### the eu guarantee shall be granted for eib financing and investment operations approved by the investment committee referred to in article 3 or funding to the eif in order to conduct eib financing and investment operations in accordance with article 7 . the operations concerned shall be consistent with union policies and support any of the following general objectives : ### the eu guarantee shall be granted for eib financing and investment operations approved by the investment committee referred to in article 3 or funding to the eif in order to conduct eib financing and investment operations in accordance with article 7 . the operations concerned shall be consistent with union policies in accordance with the europe 2020 strategy and support any of the following general objectives :


### the economic and financial crisis has led to a lowering of the level of investments within the union . investment has fallen by approximately 15% since its peak in 2007 . the union suffers in particular from a lack of investment as a consequence of market uncertainty regarding the economic future and the fiscal constraints on member states . this lack of investment slows economic recovery and negatively affects job creation , long - term growth prospects and competitiveness . ### the economic and financial crisis has led to a lowering of the level of investments within the union . investment has fallen by approximately 15% since its peak in 2007 . the union suffers in particular from a lack of investment as a consequence of market uncertainty regarding the economic future , of&#160 ; the fiscal constraints on member states and of the absence of a business - friendly regulatory environment . this lack of investment slows economic recovery and negatively affects job creation , long - term growth prospects and competitiveness .


### to partially finance the contribution from the union budget , the available envelopes of the horizon 2020 – the framework programme for research and innovation 2014 - 2020 , provided by regulation no 1291 / 2013 of the european parliament and of the council2 , and the connecting europe facility , provided by regulation no 1316 / 2013 of the european parliament and of the council3 , should be reduced . those programmes serve purposes that are not replicated by the efsi . however , the reduction of both programmes to finance the guarantee fund is expected to ensure a greater investment in certain areas of their respective mandates than is possible through the existing programmes . the efsi should be able to leverage the eu guarantee to multiply the financial effect within those areas of research , development and innovation and transport , telecommunications and energy infrastructure compared to if the resources had been spent via grants within the planned horizon 2020 and connecting europe facility programmes . it is , therefore , appropriate to redirect part of the funding presently envisaged for those programmes to the benefit of efsi . __________________ 3 regulation no 1316 / 2013 of the european parliament and of the council of 11 december 2013 establishing the connecting europe facility , amending regulation no 913 / 2010 and repealing regulations no 680 / 2007 and no 67 / 2010 . ### the guarantee fund should be partially financed by the union budget , using in priority unallocated resources and avoiding to affect programmes that already serve the purpose of investment , are operational and foresee the possibility to use innovative financial instruments . therefore , only if necessary , available envelopes of programmes under heading 1a of the multiannual financial framework for the years 2014 - 2020 should be reduced . in line with the treaties , it should be up to the budgetary authority to allow annually the budgetary lines to be used for financing the guarantee fund .


### infrastructure projects in the environmental , natural resources , urban development and social fields ; ### infrastructure projects in the environmental , natural resources , smart and sustainable urban mobility in accordance with the com 913 ' together towards competitive and resource - efficient urban mobility ' and social fields ;


### the union shall provide a guarantee to the eib for financing or investment operations carried out within the union covered by this regulation . the eu guarantee shall be granted as a guarantee on demand in respect of instruments referred to in article 6 . ### the union shall provide a guarantee to the eib via the efsi for financing or investment operations carried out within the union covered by this regulation . the eu guarantee shall be granted as a guarantee on demand in respect of instruments referred to in article 6 .


### any other payments received by the union in accordance with the efsi agreement . ### any other contributions received by the union in accordance with the efsi agreement .


### payments from the general budget of the union , ### contributions from the general budget of the union ,


### the efsi should support strategic investments with high economic value added contributing to achieving union policy objectives . ### the efsi should support strategic investments with high economic value added contributing to achieving the europe 2020 strategy for smart , inclusive and sustainable growth .


### the efsi should support strategic investments with high economic value added contributing to achieving union policy objectives . ### the efsi should support strategic investments with high economic value added contributing to achieving union policy objectives . in this perspective , efsi support to transport infrastructure should contribute to the objectives of regulation 1315 / 2013 and regulation no 1316 / 2013 .


### the efsi should target projects with a higher risk - return profile than existing eib and union instruments to ensure additionality over existing operations . the efsi should finance projects across the union , including in the countries most affected by the financial crisis . the efsi should only be used where financing is not available from other sources on reasonable terms . ### the efsi should target projects with a higher risk - return profile than existing eib and union instruments to ensure additionality over existing operations . the efsi should finance projects across the union , especially in the countries most affected by the economic and financial crisis . the efsi should only be used where financing is not available from other sources on reasonable terms .


### by 30 june 2018 and every three years thereafter : ### by 30 june 2018 and every two years thereafter :


### the investment environment within the union should be improved by removing barriers to investment , reinforcing the single market and by enhancing regulatory predictability . the work of the efsi , and investments across europe generally , should benefit from this accompanying work . ### the investment environment within the union should be improved by removing barriers to investment , reinforcing the single market and by enhancing the regulatory framework in order to make it more stable , understandable and attractive . the work of the efsi , and investments across europe generally , should benefit from this accompanying work .


### the commission shall be empowered to adopt implementing acts to specify the requirements to transmit information laid down in paragraphs 1 to 4 including as regards the content to be transmitted , the deadlines to be complied with and the types and format of information to be transmitted . those implementing acts shall be adopted in accordance with the examination procedure referred to in article 14a . ### the commission shall be empowered to adopt delegated acts in accordance with article - 14a to specify the requirements to transmit information laid down in paragraphs 1 to 4 as regards the content to be transmitted , the deadlines to be complied with and the types and format of information to be transmitted .


### member states shall ensure that if a company chooses not to directly communicate with its shareholders , the information related to their shares shall be transmitted to them or , in accordance with the instructions given by the shareholder , to a third party , by the intermediary without undue delay in all of the following cases : ### member states shall ensure that to the extent that a company does not directly communicate with its shareholders , the information related to their shares shall be transmitted to them or , in accordance with the instructions given by the shareholder , to a third party , by the intermediary without undue delay in all of the following cases :


### in order to ensure uniform conditions for the implementation of the provisions on shareholder identification , transmission of information , facilitation of the exercise of shareholder rights and the remuneration report , implementing powers should be conferred on the commission . those powers should be exercised in accordance with regulation no 182 / 2011 of the european parliament and of the council7 _____________ 7 regulation no 182 / 2011 of the european parliament and of the council of 16 february 2011 laying down the rules and general principles concerning mechanisms for control by member states of the commission’s exercise of implementing powers . ### in order to ensure uniform conditions for the implementation of the provisions on the remuneration report , implementing powers should be conferred on the commission . those powers should be exercised in accordance with regulation no 182 / 2011 of the european parliament and of the council7 ____________ 7 regulation no 182 / 2011 of the european parliament and of the council of 16 february 2011 laying down the rules and general principles concerning mechanisms for control by member states of the commission’s exercise of implementing powers .


### member states shall ensure that institutional investors and asset managers publicly disclose on an annual basis their engagement policy , how it has been implemented and the results thereof . the information referred to in the first sentence shall at least be available on the company ' s website . institutional investors and asset managers shall , for each company in which they hold shares , disclose if and how they cast their votes in the general meetings of the companies concerned and provide an explanation for their voting behaviour . where an asset manager casts votes on behalf of an institutional investor , the institutional investor shall make a reference as to where such voting information has been published by the asset manager . ### member states shall ensure that institutional investors and asset managers publicly disclose on an annual basis their engagement policy , how it has been implemented and the results thereof . the information referred to in the first sentence shall at least be available , free of charge , on the company ' s website . institutional investors and asset managers shall , for each company in which they hold shares , disclose if and how they cast their votes in the general meetings of the companies concerned and provide an explanation for their voting behaviour . where an asset manager casts votes on behalf of an institutional investor , the institutional investor shall make a reference as to where such voting information has been published by the asset manager . if , in exceptional cases , the information on voting is very extensive , the disclosure obligation in that regard may be complied with by disclosing an accurate summary of that information .


### companies may , in case of recruitment of new board members , decide to pay remuneration to an individual director outside the approved policy , where the remuneration package of the individual director has received prior approval by shareholders on the basis of information on the matters referred to in paragraph 3 . the remuneration may be awarded provisionally pending approval by the shareholders . ### companies may in exceptional cases , when recruiting new directors , decide to pay remuneration to an individual director above the maximum amounts of total remuneration set out in the approved policy . the remuneration may be awarded provisionally pending approval by the shareholders . however , this option of exceeding the maximum amounts may only be used once in the application of an approved policy .


### the commission shall be empowered to adopt implementing acts to specify the requirements to facilitate the exercise of shareholder rights laid down in paragraphs 1 and 2 of this article including as regards the type and content of the facilitation , the form of the voting confirmation and the deadlines to be complied with . those implementing acts shall be adopted in accordance with the examination procedure referred to in article 14a . ### the commission shall be empowered to adopt delegated acts in accordance with article - 14a to specify the requirements to facilitate the exercise of shareholder rights laid down in paragraphs 1 and 2 of this article as regards the type and content of the facilitation , the form of the voting confirmation and the deadlines to be complied with .


### it also establishes requirements for intermediaries used by shareholders to ensure that shareholders can be identified , creates transparency on the engagement policies of certain types of investors and creates additional rights for shareholders to oversee companies . ### it also establishes requirements for intermediaries to facilitate shareholder engagement , increases transparency on the engagement policies of certain types of investors , and on the activities of asset managers and proxy advisors , and enhances the rights for shareholders to oversee companies .


### member states may provide that companies can request their shareholders to exempt them from the requirement of subparagraph 1 to accompany the announcement of the transaction with a related party by a report from an independent third party in case of clearly defined types of recurrent transactions with an identified related party in a period of not longer than 12 months after granting the exemption . where the related party transactions involve a shareholder , this shareholder shall be excluded from the vote on the advance exemption . ### member states shall provide that companies can request their shareholders to exempt them from the requirement of subparagraph 1 to accompany the announcement of the transaction with a related party by a report from an independent third party in case of clearly defined types of recurrent transactions with an identified related party in a period of not longer than 12 months after granting the exemption . where the related party transactions involve a shareholder , this shareholder shall be excluded from the vote on the advance exemption .


### the policy shall indicate the maximum amounts of total remuneration that can be awarded , and the corresponding relative proportion of the different components of fixed and variable remuneration . it shall explain how the pay and employment conditions of employees of the company were taken into account when setting the policy or directors ' remuneration by explaining the ratio between the average remuneration of directors and the average remuneration of full time employees of the company other than directors and why this ratio is considered appropriate . the policy may exceptionally be without a ratio in case of exceptional circumstances . in that case , it shall explain why there is no ratio and which measures with the same effect have been taken . ### the policy shall indicate the maximum amounts of total remuneration that can be awarded , and the corresponding relative proportion of the different components of fixed and variable remuneration . it shall explain how the pay and employment conditions of employees of the company were taken into account when setting the policy by explaining the ratio between the average remuneration of directors and the average full - time remuneration of employees of the company other than directors and why this ratio is considered appropriate . when calculating the ratio , the remuneration of part - time employees shall be included on full - time equivalent terms .


### member states shall ensure that transactions with related parties representing more than 5% of the companies’ assets or transactions which can have a significant impact on profits or turnover are submitted to a vote by the shareholders in a general meeting . where the related party transaction involves a shareholder , this shareholder shall be excluded from that vote . the company shall not conclude the transaction before the shareholders’ approval of the transaction . the company may however conclude the transaction under the condition of shareholder approval . ### member states shall ensure that transactions with related parties representing more than 5% of the companies’ assets are submitted to a vote by the shareholders in a general meeting . where the related party transaction involves a shareholder , this shareholder shall be excluded from that vote . the company shall not conclude the transaction before the shareholders’ approval of the transaction . the company may however conclude the transaction under the condition of shareholder approval .


### transactions with related parties may cause prejudice to companies and their shareholders , as they may give the related party the opportunity to appropriate value belonging to the company . thus , adequate safeguards for the protection of shareholders’ interests are of importance . for this reason member states should ensure that related party transactions representing more than 5 % of the companies’ assets or transactions which can have a significant impact on profits or turnover should be submitted to a vote by the shareholders in a general meeting . where the related party transaction involves a shareholder , this shareholder should be excluded from that vote . the company should not be allowed to conclude the transaction before the shareholders’ approval of the transaction . for transactions with related parties that represent more than 1% of their assets companies should publicly announce such transactions at the time of the conclusion of the transaction , and accompany the announcement by a report from an independent third party assessing whether the transaction is on market terms and confirming that the transaction is fair and reasonable from the perspective of the shareholders , including minority shareholders . member states should be allowed to exclude transactions entered into between the company and its wholly owned subsidiaries . member states should also be able to allow companies to request the advance approval by shareholders for certain clearly defined types of recurrent transactions above 5 percent of the assets , and to request from shareholders an advance exemption from the obligation to produce an independent third party report for recurrent transactions above 1 percent of the assets , under certain conditions , in order to facilitate the conclusion of such transactions by companies . ### transactions with related parties may cause prejudice to companies and their shareholders , as they may give the related party the opportunity to appropriate value belonging to the company . thus , adequate safeguards for the protection of shareholders’ interests are of importance . for this reason member states should ensure that related party transactions representing more than 5 % of the companies’ assets should be submitted to a vote by the shareholders in a general meeting . where the related party transaction involves a shareholder , this shareholder should be excluded from that vote . the company should not be allowed to conclude the transaction before the shareholders’ approval of the transaction . for transactions with related parties that represent more than 1% of their assets companies should publicly announce such transactions at the time of the conclusion of the transaction , and accompany the announcement by a report from an independent third party assessing whether the transaction is on market terms and confirming that the transaction is fair and reasonable from the perspective of the shareholders , including minority shareholders . member states should be allowed to exclude transactions entered into between the company and its wholly owned subsidiaries . member states should allow companies to request the advance approval by shareholders for certain clearly defined types of recurrent transactions above 5 % of the assets , and to request from shareholders an advance exemption from the obligation to produce an independent third party report for recurrent transactions above 1 percent of the assets , under certain conditions , in order to facilitate the conclusion of such transactions by companies . member states should be free to decide that the provisions regarding transactions above 5% of the assets should only apply to transactions which are not concluded on market terms .


### the commission shall be empowered to adopt implementing acts to specify the requirements to transmit the information laid down in paragraphs 2 and 3 including as regards the information to be transmitted , the format of the request and the transmission and the deadlines to be complied with . those implementing acts shall be adopted in accordance with the examination procedure referred to in article 14a . ### the commission shall be empowered to adopt delegated acts in accordance with article - 14a to specify the requirements to transmit the information laid down in paragraphs 2 , 2a and 3 as regards the information to be transmitted , the format of the request and the transmission and the deadlines to be complied with .


### in order to ensure that shareholders have an effective say on the remuneration policy , they should be granted the right to approve the remuneration policy , on the basis of a clear , understandable and comprehensive overview of the company ' s remuneration policy , which should be aligned with the business strategy , objectives , values and long - term interests of the company and should incorporate measures to avoid conflicts of interest . companies should only pay remuneration to their directors in accordance with a remuneration policy that has been approved by shareholders . the approved remuneration policy should be publicly disclosed without delay . ### in order to ensure that shareholders have an effective say on the remuneration policy , they should be granted the right to approve the remuneration policy . the policy should be clear , understandable and comprehensive . it should be aligned with the business strategy , objectives , values and long - term interests of the company and should incorporate measures to avoid conflicts of interest . companies should only pay remuneration to their directors in accordance with a remuneration policy that has been approved by shareholders . the approved remuneration policy should be publicly disclosed without delay .


### the policy shall explain the decision - making process leading to its determination . where the policy is revised , it shall include an explanation of all significant changes and how it takes into account the views of shareholders on the policy and report in the previous years . ### the policy shall explain the specific decision - making process leading to its determination . where the policy is revised , it shall include an explanation of all significant changes and how it takes into account the views of shareholders on the policy and report in the previous years .


### member states shall ensure that asset managers disclose on a half - yearly basis to the institutional investor with which they have entered into the arrangement referred to in article 3g how their investment strategy and implementation thereof complies with that arrangement and how the investment strategy and implementation thereof contributes to medium to long - term performance of the assets of the institutional investor . ### member states shall ensure that asset managers disclose , as specified in paragraphs 2 and 2a , how their investment strategy and implementation thereof complies with the arrangement referred to in article 3g .


### asset managers should be required to disclose to institutional investors how their investment strategy and the implementation thereof is in accordance with the asset management arrangement and how the investment strategy and decisions contributes to medium to long - term performance of the assets of the institutional investor . moreover , they should disclose whether they make investment decisions on the basis of judgements about medium - to long - term performance of the investee company , how their portfolio was composed and the portfolio turnover , actual or potential conflicts of interest and whether the asset manager uses proxy advisors for the purpose of their engagement activities . this information would allow the institutional investor to better monitor the asset manager , provide incentives for a proper alignment of interests and for shareholder engagement . ### asset managers should be required to disclose how their investment strategy and the implementation thereof is in accordance with the asset management arrangement . asset managers should disclose to the public whether they make investment decisions on the basis of judgements about medium - to long - term performance of the investee company , the portfolio turnover , actual or potential conflicts of interest , whether the asset manager uses proxy advisors for the purpose of their engagement activities and , overall , how the investment strategy contributes to medium to long - term performance of the assets of the institutional investor . asset managers should disclose to the institutional investor how their portfolio was composed and the portfolio turnover cost . this information would allow the public and institutional investor to better monitor the asset manager , which would create incentives for a proper alignment of interests and for shareholder engagement .


### member states shall ensure that proxy advisors identify and disclose without undue delay to their clients and the company concerned any actual or potential conflict of interest or business relationships that may influence the preparation of the voting recommendations and the actions they have undertaken to eliminate or mitigate the actual or potential conflict of interest . ### member states shall ensure that proxy advisors identify and disclose without undue delay to their clients any actual or potential conflict of interest or business relationships that may influence the preparation of the voting recommendations and the actions they have undertaken to eliminate or mitigate the actual or potential conflict of interest .


### ‘ technical assistance’ means any technical support related to repairs , development , manufacture , testing , maintenance , assembly or any other technical service , and may take forms such as instruction , advice , training , transmission of working knowledge or skills or consulting services . technical assistance includes verbal forms of assistance and assistance provided by electronic means ; ### point is replaced by the following : ' technical assistance ' means any technical support related to repairs , development , manufacture , testing , maintenance , assembly , usage , practices or any other technical service , and may take forms such as instruction , advice , training , transmission of working knowledge or skills or consulting services . technical assistance includes verbal forms of assistance and assistance provided by electronic means ;


### ' broker ' means any natural or legal person or partnership resident or established in a member state of the union that carries out services defined under point from the union into the territory of a third country ; ### ' broker ' means any natural or legal person or partnership resident or established in or national of a member state of the union that carries out services defined under point ;


### “broker ' means any natural or legal person or partnership resident or established in a member state of the union that carries out services defined under point from the union into the territory of a third country ; ### ' broker ' means any natural person , resident or national of a member state , or legal person or partnership and their subsidiaries , established in a member state , that carries out services defined under point ;


### there are no binding targets at national level in the 2030 perspective . the need for the union to achieve its energy efficiency targets at eu level , expressed in primary and final energy consumption , in 2020 and 2030 should be clearly set out in the form of a binding 30 % target . this clarification at union level should not restrict member states as their freedom is kept to set their national contributions based on either primary or final energy consumption , primary or final energy savings , or energy intensity . member states should set their national indicative energy efficiency contributions taking into account that the union’s 2030 energy consumption has to be no more than 1 321 mtoe of primary energy and no more than 987 mtoe of final energy . this means that primary energy consumption should be reduced by 23 % and final energy consumption should be reduced by 17 % in the union compared to 2005 levels . a regular evaluation of progress towards the achievement of the union 2030 target is necessary and is provided for in the legislative proposal on energy union governance . ### there should be binding targets at both national and union level in the 2030 perspective . the need for the union to achieve its energy efficiency targets , expressed in primary and final energy consumption , in 2020 and 2030 should be clearly set out by a binding 40% energy efficiency target . in addition , member states shall develop national energy plans , including binding national targets , drafted in accordance with regulation xx [ governance of the energy union ] . the clarification at union level should not restrict member states as their freedom is kept to set their national targets based on either primary or final energy consumption , primary or final energy savings , or energy intensity member states should set their national binding energy efficiency targets taking into account that the union’s 2030 energy consumption has to be no more than 1 132 mtoe of primary energy and no more than 849 mtoe of final energy . this means that primary energy consumption should be reduced by 34 % and final energy consumption should be reduced by 31 % in the union compared to 2005 levels . a regular evaluation of progress towards the achievement of the union 2030 target is necessary and is provided for in the legislative proposal on energy union governance .


### member states shall continue to achieve new annual savings of 1 . 5% for ten year periods after 2030 , unless reviews by the commission by 2027 and every 10 years thereafter conclude that this is not necessary to achieve the union ' s long term energy and climate targets for 2050 . ### non - renewable primary energy savings , as a primary target of 1 . 5% annual savings , consist of the savings resulting from innovative investments in energy - generating units with an energy efficiency of more than 40% , high efficiency transmission networks and high - efficiency equipment and installations on the market , plus the end - user and the thermal upgrading of buildings , which is necessary for the union’s long term energy and climate targets for 2050 .


### where the use of individual meters is not technically feasible or where it is not cost - efficient to measure heating or cooling in each building unit , individual heat cost allocators shall be used to measure heat consumption at each radiator unless it is shown by the member state in question that the installation of such heat cost allocators would not be cost efficient . in those cases , alternative cost - efficient methods of heat consumption measurement may be considered . the conditions of technical non - feasibility and non - cost effectiveness shall be clearly set out and published by each member state . ### where the use of individual meters is not technically feasible or where it is not cost - efficient to measure heating or cooling in each building unit or , given the potential energy savings , such action would not be warranted , individual heat cost allocators shall be used to measure heat consumption at each radiator unless the installation of such heat cost allocators is not cost - efficient , technically not feasible , or not warranted by the potential energy savings . in those cases , alternative cost - efficient methods of heat consumption measurement may be considered . the conditions of technical non - feasibility and non - cost - effectiveness shall be clearly set out and published by each member state .


### article 9a metering , sub - metering and cost allocation for heating and cooling and domestic hot water member states shall ensure that final customers for district heating , district cooling and domestic hot water are provided with competitively priced meters that accurately reflect the final customer ' s actual energy consumption . where heating and cooling or hot water are supplied to a building from a central source servicing multiple buildings or from district heating and cooling network , a heat or hot water meter shall always be installed at the heat exchanger or point of delivery . 2 . in multi - apartment and multi - purpose buildings with a central heating or cooling source or supplied from district heating and cooling systems , individual meters shall be installed to measure the consumption of heat or cooling or hot water for each building unit . where the use of individual meters is not technically feasible or where it is not cost - efficient to measure heating or cooling in each building unit , individual heat cost allocators shall be used to measure heat consumption at each radiator unless it is shown by the member state in question that the installation of such heat cost allocators would not be cost efficient . in those cases , alternative cost - efficient methods of heat consumption measurement may be considered . the conditions of technical non - feasibility and non - cost effectiveness shall be clearly set out and published by each member state . in new buildings of the kind referred to in the first sub - paragraph or when such a building undergoes major renovation , as set out in directive 2010 / 31 / eu , individual meters shall always be provided . 3 . where multi - apartment and multi - purpose buildings are supplied from district heating or cooling , or where own common heating or cooling systems for such buildings are prevalent , member states shall introduce transparent rules on the allocation of the cost of heating , cooling and hot water consumption in such buildings to ensure transparency and accuracy of accounting for individual consumption including : 4 . for the purposes of this article , as of 1 january 2020 meters and cost allocators installed shall be remotely readable devices . meters and cost allocators that have already been installed but which are not remotely readable shall be provided with this capability or be replaced with remotely readable devices by 1 january 2027 , except where the member state in question shows that this is not cost - efficient . ; ### article 9a metering , sub - metering and cost allocation for heating and cooling and domestic hot water member states shall ensure that final customers for district heating , district cooling and domestic hot water are provided with competitively priced meters that accurately reflect the final customer ' s actual energy consumption . where heating , cooling or hot water are supplied to a building from a central source servicing multiple buildings or from a district heating or cooling network , a meter shall always be installed at the heat exchanger or point of delivery . 2 . in multi - apartment and multi - purpose buildings with a central heating or cooling source or supplied from district heating and cooling systems , individual meters shall be installed to measure the consumption of heat or cooling or hot water for each building unit where technically feasible , cost effective and proportionate in relation to the potential energy savings . where the use of individual meters is not technically feasible or where it is not cost - efficient or proportionate in relation to the potential energy savings to measure heating or cooling in each building unit , individual heat cost allocators shall be used to measure heat consumption at each radiator unless it is shown by the member state in question that the installation of such heat cost allocators would not be cost efficient . in those cases , alternative cost - efficient methods of heat consumption measurement may be considered . the conditions of technical non - feasibility and non - cost effectiveness shall be clearly set out and published by each member state . in new buildings of the kind referred to in the first sub - paragraph or when such a building undergoes major renovation , as set out in directive 2010 / 31 / eu , hot - water meters shall be provided , where technically feasible , cost effective and proportionate in relation to the potential energy savings and while ensuring that this does not increase the risk of energy poverty . 3 . where multi - apartment and multi - purpose buildings are supplied from district heating or cooling , or where own common heating or cooling systems for such buildings are prevalent , member states shall introduce and make public transparent national rules on the allocation of the cost of heating , cooling and hot water consumption in such buildings to ensure transparency and accuracy of accounting for individual consumption including : 4 . for the purposes of this article , as of 1 january 2020 meters and heat cost allocators installed shall be remotely readable devices . the conditions regarding technical feasibility and cost effectiveness set out in the first and second subparagraphs of paragraph 2 shall continue to apply . meters and heat cost allocators that have already been installed but which are not remotely readable shall be provided with this capability or be replaced with remotely readable devices by 1 january 2027 , except where the member state in question shows that this is not cost - efficient . ;


### this directive establishes a common framework of measures to promote energy efficiency within the union in order to ensure that the union ' s 2020 20 % headline targets and its 2030 30 % binding headline targets on energy efficiency are met and paves the way for further energy efficiency improvements beyond those dates . it lays down rules designed to remove barriers in the energy market and overcome market failures that impede efficiency in the supply and use of energy , and provides for the establishment of indicative national energy efficiency targets and contributions for 2020 and 2030 ; ### this directive establishes a common framework of measures to promote energy efficiency within the union in order to ensure that the union ' s 2020 20 % headline targets and a 2030 40 % binding headline targets on energy efficiency are met and paves the way for further energy efficiency improvements beyond those dates conforming to previously set long - term energy goals and commitments made under the energy union , as well as the global climate objective under the paris agreement . it lays down rules designed to remove barriers in the energy market and overcome market failures that impede efficiency in the supply and use of energy , and connects to the union ' s principle to put energy efficiency first , with multiple benefits for the climate , the union ' s citizens and businesses . furthermore , the directive provides for the establishment of national energy efficiency targets for 2020 and binding national energy efficiency targets and contributions for 2030 ; to mobilise private financing for energy efficiency measures and energy renovations , the commission shall start a dialogue with both public and private financial institutions to map out potential policy mechanisms . given the large potential for energy efficiency improvements in the building sector , investments in this sector shall be particularly considered , with a primary focus on residential buildings with low - income households at risk of energy poverty . in addition , to make investments in energy efficiency projects more financially interesting and feasible for investors , the commission should consider options on how to bundle small projects into larger ones . the commission shall provide guidance for member states on how to unlock private investment no later than 1 january 2019 .


### directive 2012 / 27 / eu of the european parliament and of the council9 is an element to progress towards the energy union , under which energy efficiency should be treated as an energy source in its own right . the ' energy efficiency first ' principle should be taken into account when setting new rules for the supply side and other policy areas . the commission should ensure that energy efficiency and demand side response can compete on equal terms with generation capacity . energy efficiency needs to be considered whenever energy system relevant planning or financing decisions are taken . energy efficiency improvements need to be realised whenever it is more cost - effective than equivalent supply - side solutions . this should help to exploit the multiple benefits of energy efficiency for europe ' s society , in particular for citizens and businesses . __________________ 9 directive 2012 / 27 / eu of the european parliament and of the council of 25 october 2012 on energy efficiency , amending directives 2009 / 125 / ec and 2010 / 30 / eu and repealing directives 2004 / 8 / ec and 2006 / 32 / ec . ### directive 2012 / 27 / eu of the european parliament and of the council9 is an element to progress towards the energy union , under which energy efficiency should be treated as a source of accessible energy in its own right . the ' energy efficiency first ' principle should be taken into account when setting rules providing for an increase in or the stabilisation of the supply of final energy to the member state markets , with declining consumption of primary energy . energy efficiency needs to be considered whenever energy system planning and financing decisions are taken . investments to improve final energy efficiency need to be realised whenever it is more cost - effective for the market than equivalent supply - side solutions . this should help to exploit the multiple benefits of an increase in energy efficiency at all stages of energy flow and thereby improve the welfare of europe ' s society . the commission should ensure that the real increase in energy efficiency and response to actual market demand can compete on equal terms with increased capacity to generate final energy , particularly electricity , the consumption of which determines per capita gdp . decisions favouring investments in energy efficiency , particularly at the stage of converting primary energy into final energy , and in effective grids used to supply energy to the users , should be prioritised in eu financial plans , especially under the european fund for strategic investments . __________________ 9 directive 2012 / 27 / eu of the european parliament and of the council of 25 october 2012 on energy efficiency , amending directives 2009 / 125 / ec and 2010 / 30 / eu and repealing directives 2004 / 8 / ec and 2006 / 32 / ec .


### ' ' final energy consumption’ means all energy supplied to industry , transport , households , services and agriculture . it excludes deliveries to the energy transformation sector and the energy industries themselves ; ' ### amendment h ) point 3 is replaced by the following : ' ' final energy consumption ' means the consumption of electricity supplied to the consumer market , which is required by industry and transport , as well as energy supplied to households , services and agriculture ; this consumption depends on the total power available for dispatching , including active and reactive power , while supplying such energy ; '


### this directive establishes a common framework of measures to promote energy efficiency within the union in order to ensure that the union ' s 2020 20 % headline targets and its 2030 30 % binding headline targets on energy efficiency are met and paves the way for further energy efficiency improvements beyond those dates . it lays down rules designed to remove barriers in the energy market and overcome market failures that impede efficiency in the supply and use of energy , and provides for the establishment of indicative national energy efficiency targets and contributions for 2020 and 2030 . ; ### this directive establishes a common framework of measures to promote energy efficiency within the union in order to ensure that the union ' s 2020 20 % headline targets and its 2030 40 % binding headline targets on energy efficiency are met and paves the way for further energy efficiency improvements beyond those dates , in line with the eu ' s long - term decarbonisation goals and the unfcc paris agreement of december 2015 . it lays down rules designed to remove barriers in the energy market and overcome market failures that impede efficiency in the supply and use of energy , and provides for the establishment of national energy efficiency targets for 2020 and 2030 . this directive contributes to the implementation of the ‘ energy efficiency first’ principle and ensures that energy efficiency and demand side response can compete on equal terms with generation capacity . energy efficiency needs to be considered whenever energy system relevant planning or financing decisions are taken .