### as set out in the reflection paper on the social dimension of europe16and the european pillar of social rights17 , building a more inclusive and fairer union is a key priority for the union to tackle inequality and foster social inclusion policies in europe . inequality of opportunities affects in particular access to education , training and health . investment in the social , skills and human capital - related economy , as well as in the integration of vulnerable populations in the society , can enhance economic opportunities , especially if coordinated at union level . the investeu fund should be used to support investment in education and training , help increase employment , in particular among the unskilled and long - term unemployed , and improve the situation with regard to intergenerational solidarity , the health sector , homelessness , digital inclusiveness , community development , the role and place of young people in society as well as vulnerable people , including third country nationals . the investeu programme should also contribute to the support of european culture and creativity . to counter the profound transformations of societies in the union and of the labour market in the coming decade , it is necessary to invest in human capital , microfinance , social enterprise finance and new social economy business models , including social impact investment and social outcomes contracting . the investeu programme should strengthen nascent social market eco - system , increasing the supply of and access to finance to micro - and social enterprises , to meet the demand of those who need it the most . the report of the high - level task - force on investing in social infrastructure in europe18has identified investment gaps in social infrastructure and services , including for education , training , health and housing , which call for support , including at the union level . therefore , the collective power of public , commercial and philanthropic capital , as well as support from foundations , should be harnessed to support the social market value chain development and a more resilient union . _________________ 16 com 206 . 17 com 250 . 18 published as european economy discussion paper 074 in january 2018 . ### as set out in the reflection paper on the social dimension of europe16 and the european pillar of social rights17 , building a more inclusive and fairer union is a key priority for the union to tackle inequality and foster social inclusion policies in europe . inequality of opportunities affects in particular access to education , training , health , culture and cultural heritage . investment in the social , skills and human capital - related economy , as well as in the integration of vulnerable populations , and in particular persons with a disability , in society , can enhance economic opportunities , especially if coordinated at union level . the investeu fund should be used to support investment in education and training , help increase employment , in particular among the unskilled and long - term unemployed , and improve the situation with regard to intergenerational solidarity , the health sector , homelessness , digital inclusiveness , community development , the role and place of young people in society as well as vulnerable people , including persons with a disability and third country nationals . the investeu programme should also contribute to the support of european culture and creativity . to counter the profound transformations of societies in the union and of the labour market in the coming decade , it is necessary to invest in human capital , microfinance , social enterprise finance and new social economy business models , including social impact investment and social outcomes contracting . the investeu programme should strengthen the nascent social market eco - system , increasing the supply of and access to finance to micro - and social enterprises , to meet the demand of those who need it the most . the report of the high - level task - force on investing in social infrastructure in europe18 has identified investment gaps in social infrastructure and services , including for education , training , health and housing , which call for support , including at the union level . therefore , the collective power of public , commercial and philanthropic capital , as well as support from foundations , should be harnessed to support the social market value chain development and a more resilient union . _________________ 16 com 206 final . 17 com 250 final . 18 published as european economy discussion paper 074 in january 2018


### research , innovation and digitisation policy window : comprises research and innovation activities , transfer of research results to the market , demonstration and deployment of innovative solutions and support to scaling up of innovative companies other than smes as well as digitisation of union industry ; ### research , innovation and digitisation policy window : comprises research and innovation activities , transfer of research results to the market , demonstration and deployment of innovative solutions and support to scaling up of innovative companies other than smes as well as digitisation of industry and capacity building in the union ' s cultural and creative sectors ;


### whereas the level of overall investment in the union is increasing , investment in higher - risk activities such as research and innovation is still inadequate . the resulting underinvestment in research and innovation is damaging to the industrial and economic competitiveness of the union and the quality of life of its citizens . the investeu fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders , in particular to allow the upscaling of and deployment of solutions at a commercial scale in the union , in order to make such solutions competitive on world markets . ### whereas the level of overall investment in the union is increasing , investment in higher - risk activities such as research , innovation and culture is still inadequate . the resulting underinvestment in research , innovation and culture is damaging to the industrial and economic competitiveness of the union and the quality of life of its citizens . the investeu fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders , in particular to allow the upscaling of and deployment of solutions at a commercial scale in the union , in order to make such solutions competitive on world markets .


### sustainable infrastructure policy window : comprises sustainable investment in the areas of transport , energy , digital connectivity , supply and processing of raw materials , space , oceans and water , waste , nature and other environment infrastructure , equipment , mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the union , or to both , or meet the environmental or social sustainability standards of the union ; ### sustainable infrastructure policy window : comprises sustainable investment in the areas of transport , energy , digital connectivity , culture , supply and processing of raw materials , space , oceans and water , waste , nature and other environment infrastructure , equipment , mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the union , or to both , or meet the environmental or social sustainability standards of the union ;


### whereas the level of overall investment in the union is increasing , investment in higher - risk activities such as research and innovation is still inadequate . the resulting underinvestment in research and innovation is damaging to the industrial and economic competitiveness of the union and the quality of life of its citizens . the investeu fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders , in particular to allow the upscaling of and deployment of solutions at a commercial scale in the union , in order to make such solutions competitive on world markets . ### whereas the level of overall investment in the union is increasing , investment in higher - risk activities such as research , innovation , culture and creativity is still inadequate . the resulting underinvestment is damaging to the industrial and economic competitiveness of the union , social cohesion and the quality of life of its citizens . the investeu fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders , in particular to allow the upscaling of and deployment of solutions at a commercial scale in the union , in order to make such solutions competitive on world markets .


### as set out in the reflection paper on the social dimension of europe16and the european pillar of social rights17 , building a more inclusive and fairer union is a key priority for the union to tackle inequality and foster social inclusion policies in europe . inequality of opportunities affects in particular access to education , training and health . investment in the social , skills and human capital - related economy , as well as in the integration of vulnerable populations in the society , can enhance economic opportunities , especially if coordinated at union level . the investeu fund should be used to support investment in education and training , help increase employment , in particular among the unskilled and long - term unemployed , and improve the situation with regard to intergenerational solidarity , the health sector , homelessness , digital inclusiveness , community development , the role and place of young people in society as well as vulnerable people , including third country nationals . the investeu programme should also contribute to the support of european culture and creativity . to counter the profound transformations of societies in the union and of the labour market in the coming decade , it is necessary to invest in human capital , microfinance , social enterprise finance and new social economy business models , including social impact investment and social outcomes contracting . the investeu programme should strengthen nascent social market eco - system , increasing the supply of and access to finance to micro - and social enterprises , to meet the demand of those who need it the most . the report of the high - level task - force on investing in social infrastructure in europe18has identified investment gaps in social infrastructure and services , including for education , training , health and housing , which call for support , including at the union level . therefore , the collective power of public , commercial and philanthropic capital , as well as support from foundations , should be harnessed to support the social market value chain development and a more resilient union . _________________ 16 com 206 . 17 com 250 . 18 published as european economy discussion paper 074 in january 2018 . ### as set out in the reflection paper on the social dimension of europe16 and the european pillar of social rights17 , building a more inclusive and fairer union is a key priority for the union to tackle inequality and foster social inclusion policies in europe . inequality of opportunities affects in particular access to education , training , culture and health . investment in the social , skills and human capital - related economy , as well as in the integration of vulnerable populations in the society , can enhance economic opportunities , especially if coordinated at union level . the investeu fund should be used to support investment in education and training , help increase employment , in particular among the unskilled and long - term unemployed , and improve the situation with regard to intergenerational solidarity , the health sector , homelessness , digital inclusiveness , community development , the role and place of young people in society as well as vulnerable people , including third country nationals . the investeu programme should also contribute to the support of european culture and creativity . to counter the profound transformations of societies in the union and of the labour market in the coming decade , it is necessary to invest in human capital , microfinance , social enterprise finance and new social economy business models , including social impact investment and social outcomes contracting . the investeu programme should strengthen the nascent social market eco - system , increasing the supply of and access to finance to micro - and social enterprises , to meet the demand of those who need it the most . the report of the high - level task - force on investing in social infrastructure in europe18 has identified investment gaps in social infrastructure and services , including for education , training , health and housing , which call for support , including at the union level . therefore , the collective power of public , commercial and philanthropic capital , as well as support from foundations , should be harnessed to support the social market value chain development and a more resilient union . _________________ 16 com 206 final . 17 com 250 final . 18 published as european economy discussion paper 074 in january 2018 .


### the efsi , implemented and co - sponsored by the eib group , is firmly on track to deliver the objective of mobilising at least eur 315 billion in additional investments in the real economy by mid - 2018 . the market absorption has been particularly quick under the sme window where the efsi is delivering well beyond expectations . in july 2016 the sme window was thus scaled - up by eur 500 million within the existing parameters of regulation no 2015 / 1017 . a larger share of financing to be geared towards smes given the exceptional market demand for sme financing under the efsi : 40% of the increased risk bearing capacity of the efsi should be geared towards increasing access to financing for smes . ### the efsi , implemented and co - sponsored by the eib group , is on track in terms of approved operations to deliver the objective of mobilising at least eur 315 billion in additional investments in the real economy by mid - 2018 , however it is lagging behind in terms of signed operations as well as disbursements according to the eib’s operation evaluation of its functioning , that covered the period up to june 30 2016 . the market response and adoption has been particularly quick under the sme window where the efsi is delivering according to expectations due to the fact that it used existing eif mandates to have an accelerated kick start . in july 2016 the sme window was thus scaled - up by eur 500 million within the existing parameters of regulation no 2015 / 1017 . a larger share of financing to be geared towards smes given the exceptional market demand for sme financing under the efsi as well as due to the generally higher multipliers achieved through eif operations : 40% of the increased risk bearing capacity of the efsi should be geared towards increasing access to financing for smes .


### in order to partly finance the contribution from the general budget of the union to the eu guarantee fund for the additional investments to be made , a transfer should be made from the available envelope of the connecting europe facility , provided for in regulation no 1316 / 2013 of the european parliament and of the council4 . moreover , eur 1 145 797 000 of appropriations should be transferred from the cef financial instruments to the grant part of the cef with a view to facilitating blending with the efsi or to other relevant instruments , in particular those dedicated to energy efficiency . __________________ 4 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 , oj l 348 , 12 . 2013 , p . 129 . ### in order to partly finance the contribution from the general budget of the union to the eu guarantee fund for additional investments to be made , an appropriate adjustment to the target rate of the eu guarantee fund should allow the necessary increase in funding without any further reduction in the scarce resources of the available envelope of the connecting europe facility and horizon 2020 , provided for in regulations no 1316 / 20134 and no 1291 / 20135 of the european parliament and of the council as presented in the evaluation carried out by the commission . moreover , eur 1 145 797 000 of appropriations should be transferred from the cef financial instruments to the grant part of the cef with a view to facilitating blending with the efsi or to other relevant instruments , in particular those dedicated to energy efficiency . __________________ 4 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 , oj l 348 , 12 . 2013 , p . 129 . 4a 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 text with eea relevance .


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


### the eib shall target that at least 40 % of efsi financing under the infrastructure and innovation window supports projects with components that contribute to climate action , in line with the cop21 commitments . the steering board shall provide detailed guidance to that end . ; ### the eib shall target that at least 40 % of efsi financing under the infrastructure and innovation window supports projects with components that contribute to climate action , in line with the cop21 commitments , including that at least 20% of efsi financing supports energy efficiency projects . the steering board shall provide detailed guidance to that end . ;


### “7 . the union shall contribute up to a maximum of eur 20 000 000 per annum towards covering the costs of eiah operations until 31 december 2020 for the services provided by the eiah under paragraph 2 which are in addition to those already available under other union programmes , insofar as those costs are not covered by the remaining amount from fees referred to in paragraph 4 . ” ### paragraph 7 is replaced by the following : 7 . the union shall contribute the amount necessary , with a minimum of eur 20 000 000 per annum towards covering the costs of eiah operations until 31 december 2020 for it to fulfil its enhanced responsibilities and intensify the services provided by the eiah under paragraph 2 which are in addition to those already available under other union programmes , insofar as those costs are not covered by the remaining amount from fees referred to in paragraph 4” .


### on 28 june 2016 , the european council concluded that “the investment plan for europe , in particular the european fund for strategic investments , has already delivered concrete results and is a major step to help mobilise private investment while making smart use of scarce budgetary resources . the commission intends to soon put forward proposals on the future of the efsi , which should be examined as a matter of urgency by the european parliament and the council . ” ### on 28 june 2016 , the european council concluded that “the investment plan for europe , in particular the european fund for strategic investments , has already delivered concrete results and is a major step to help mobilise private investment while making smart use of scarce budgetary resources . until june 30 2016 , under the infrastructure and innovation window , 63% of the total amount signed was in the united kingdom , italy and spain and 91% in eu15 countries . under the sme window , 54% of the amount signed was in italy , france and germany and 93% in eu15 countries . in order to improve balance of efsi support , member states should designate and support national promotional banks , whereas the eib should further deploy region specific specialised task force groups and the eiah should facilitate the combination of esi funds with efsi in cohesion regions .


### providing pro - active support on the establishment of investment platforms ; ; ### providing pro - active support on the establishment of demand - driven investment platforms wherever they are necessary ;


### the eib shall target that at least 40 % of efsi financing under the infrastructure and innovation window supports projects with components that contribute to climate action , in line with the cop21 commitments . the steering board shall provide detailed guidance to that end . ### whilst recognizing the demand driven nature of efsi , the eib shall aim that at least 40% of efsi financing in the combined objectives under the infrastructure and innovation window contributes to climate action in line with the cop21 commitments . efsi financing for smes and mid - cap companies shall not be included in that computation .


### the eib shall target that at least 40 % of efsi financing under the infrastructure and innovation window supports projects with components that contribute to climate action , in line with the cop21 commitments . the steering board shall provide detailed guidance to that end ; ### the eib , steering board and investment committee shall make sure that each supported project is in line with the criteria set out in the regulation , helping to reach our climate goals and boosting the eu’s sustainable transition ; at least 40% of efsi financing under the infrastructure and innovation window shall be earmarked for projects directly accomplishing the cop21 commitments . clear criteria shall be set up to identify and verify these projects and the steering board shall provide detailed guidance to that end .


### the efsi , implemented and co - sponsored by the eib group , is firmly on track to deliver the objective of mobilising at least eur 315 billion in additional investments in the real economy by mid - 2018 . the market absorption has been particularly quick under the sme window where the efsi is delivering well beyond expectations . in july 2016 the sme window was thus scaled - up by eur 500 million within the existing parameters of regulation no 2015 / 1017 . a larger share of financing to be geared towards smes given the exceptional market demand for sme financing under the efsi : 40% of the increased risk bearing capacity of the efsi should be geared towards increasing access to financing for smes . ### the impact of the efsi on addressing the investment gaps , the high levels of unemployment and the low post - financial - crisis growth rates in the union has yet to be fully assessed . the efsi is expected to mobilise the targeted eur 315 billion in additional investments by mid - 2018 . it is already clear , however , that market absorption has been quicker under the sme window , where the efsi is delivering well beyond expectations , than under the infrastructure and innovation window . in july 2016 the sme window was thus scaled - up by eur 500 million within the existing parameters of regulation no 2015 / 1017 . a larger share of financing to be geared towards smes given the exceptional market demand for sme financing under the efsi : 40% of the increased risk bearing capacity of the efsi should be geared towards increasing access to financing for smes .


### the eib and eif shall inform or shall oblige financial intermediaries to inform the final beneficiaries , including smes , of the existence of efsi support . ; ### ' the eib and eif shall inform or shall oblige financial intermediaries to inform the final beneficiaries of the existence of efsi support and to place the efsi logo in a prominent place on the financing agreement , particularly in the case of smes , on every contract that includes efsi support , thereby increasing public awareness and expanding visibility ' ;


### the extended efsi should address remaining market failures and sub - optimal investment situations and continue to mobilise private sector financing in investments crucial for europe’s future job creation – including for the youth – , growth and competitiveness with strengthened additionality . they include investments in the areas of energy , environment and climate action , social and human capital and related infrastructure , healthcare , research and innovation , cross - border and sustainable transport , as well as the digital transformation . in particular , the contribution of operations supported by the efsi to achieving the union ' s ambitious targets set at the paris climate conference should be reinforced . energy interconnection priority projects and energy efficiency projects should also be increasingly targeted . in addition , efsi support to motorways should be avoided , unless it is needed to support private investment in transport in cohesion countries or in cross - border transport projects involving at least one cohesion country . for reasons of clarity , although they are already eligible , it should be explicitly laid down that projects in the fields of agriculture , fishery and aquaculture come within the general objectives eligible for efsi support . ### the extended efsi should address remaining market failures and sub - optimal investment situations and continue to mobilise private sector financing in investments crucial for europe ' s future sustainable quality and high levels of human capital , creation of good quality jobs –especially for the youth – , growth and competitiveness with strengthened additionality , as well as for increasing social cohesion , social inclusion and thus enhancing the well - being of citizens of the union . they include investments in the areas of energy , environment and climate action , social and human capital and related infrastructure , healthcare , research and innovation , cross - border and sustainable transport , as well as the digital transformation . in particular , the contribution of operations supported by the efsi to achieving the union ' s ambitious targets set at the paris climate conference must be reinforced . energy interconnection priority projects and energy efficiency projects should also be increasingly targeted . similarly , in the digital sector , and within the scope of the ambitious union policy on the digital economy , new digital infrastructure targets should be set in order to ensure that the union will be a global pioneer in the new age of the so - called ‘ internet of things’ , blockchain technology and cyber - and network - security . moreover , a criterion for the success of the efsi should be the assistance provided to policy areas that suffered from cuts in investments in order to fund the efsi , such as research grants , especially for low technology readiness levels . in addition , efsi support to motorways should be avoided , unless it is needed to support private investment in transport in cohesion countries or in cross - border transport projects involving at least one cohesion country . for reasons of clarity , although they are already eligible , it should be explicitly laid down that projects in the fields of agriculture , fishery and aquaculture come within the general objectives eligible for efsi support . efsi support to fossil fuel projects is to be avoided .


### in order to reinforce the take - up of the efsi in less - developed and transition regions , the scope of the general objectives eligible for efsi support should be enlarged . ### in order to reinforce the take - up of the efsi in less - developed and transition regions , the scope of the general objectives eligible for efsi support should be enlarged ensuring a balanced distribution of projects across the union , so that all member states have access to finance .


### it shall also support the preparation of climate action and circular economy projects or components thereof , in particular in the context of cop21 , the preparation of projects in the digital sector , as well as the preparation of projects referred to in the fifth subparagraph of article 5 . ; ### it shall also support the preparation of climate action and circular economy projects or components thereof , in particular in the context of cop21 , the preparation of ambitious projects in the digital and telecommunications sectors , as well as the preparation of projects referred to in the fifth subparagraph of article 5 ;


### leveraging local knowledge to facilitate efsi support across the union and contributing where possible to the objective of sectorial and geographical diversification of the efsi referred to in section 8 of annex ii by supporting the eib to originate operations ; ### leveraging local and regional knowledge to facilitate efsi support across the union and contributing where possible to the objective of sectorial and geographical diversification of the efsi referred to in section 8 of annex ii by supporting the eib as well as the project promoters to originate operations ;


### due to their potential to increase the efficiency of the efsi intervention , blending operations combining non - reimbursable forms of support and / or financial instruments from the union budget , such as those available under the connecting europe facility , and financing from eib group , including eib financing under the efsi , as well as other investors should be encouraged . blending aims to enhance the value added of union spending by attracting additional resources from private investors and to ensure the actions supported become economically and financially viable . ### due to their potential to increase the efficiency of the efsi intervention , blending operations combining non - reimbursable forms of support and / or financial instruments from the union budget , such as those available under the connecting europe facility and financing from eib group , including eib financing under the efsi , as well as other investors should be encouraged . blending aims to enhance the value added of union spending by attracting additional resources from private investors and to ensure the actions supported become economically and financially viable . in view of the inherent complexity of those instruments , the eiah should also give advice on the optimal choice of funding instruments and blending . moreover , the eiah , being a market - driven instrument providing investment advice to various market sectors , should also provide its expertise to other investment advisory entities with better knowledge of specific market sectors . encouragement of further collaboration between the eiah and other investment advisory entities will be critical for the success of the efsi , especially in market areas and niches where higher specialisation and deeper know - how is needed .


### ' information and communication technologies infrastructures ; ### point is replaced by the following : ' information , cyber security , networks , block chain and communications technologies infrastructures ; ’


### the efsi was established for an initial period of three years and with the aim of mobilising at least eur 315 billion in investments . given its success , the commission is committed to the doubling of the efsi , both in terms of duration and financial capacity . the legal extension covers the period of the current multiannual financial framework and should provide a total of at least half a trillion euro investments by 2020 . in order to enhance the firepower of the efsi even further and reach the aim of doubling the investment target , member states should also contribute as a matter of priority . ### given the positive indicators , the commission is committed to the doubling of the efsi , both in terms of duration and financial capacity . the legal extension covers the period of the current multiannual financial framework and should provide a total of at least half a trillion euro investments by 2020 . in order to enhance the firepower of the efsi even further and reach the aim of doubling the investment target , member states should also contribute as a matter of priority .


### eib projects carrying a risk lower than the minimum risk under eib special activities may also be supported by the efsi if the use of the eu guarantee is required to ensure additionality as defined in the first subparagraph of this paragraph . ### eib projects carrying a risk lower than the minimum risk under eib special activities cannot be supported by the efsi unless the use of the eu guarantee is necessary to ensure additionality , as defined in the first subparagraph of this paragraph and provided that those projects cannot be better funded through more appropriate eib funds .


### to better address market failures or sub - optimal investment situations , eib special activities supported by the efsi shall typically have features such as subordination , participation in risk - sharing instruments , cross - border characteristics , exposure to specific risks or other identifiable aspects as further described in annex ii . ### to better address economic and financial inefficiencies , including market failures , sub - optimal investment situations , discrepancies in the investment capacity of the member states as reflected in diverse risk premiums , leveraging frictions or weak investment multipliers , and including also complicated multinational and cross border projects , and lack of risk - taking , especially in research , innovation , new technologies as well as in new and traditional infrastructures , eib ' s special activities supported by the efsi shall typically have features such as subordination , participation in risk - sharing instruments , as well as first - loss guarantees , cross - border characteristics , exposure to specific risks or other identifiable aspects as further described in annex ii .


### in order to reinforce the take - up of the efsi in less - developed and transition regions , the scope of the general objectives eligible for efsi support should be enlarged . ### in order to reinforce the take - up of the efsi in less - developed and transition regions , the scope of the general objectives eligible for efsi support should be enlarged . with a view to contributing to the union objective of economic , social and territorial cohesion and reducing regional disparities , the geographical balance of efsi support needs to be significantly enhanced by providing for effective implementation of geographical diversification and concentration guidelines and by strengthening the role of the eiah .


### the efsi , implemented and co - sponsored by the eib group , is firmly on track to deliver the objective of mobilising at least eur 315 billion in additional investments in the real economy by mid - 2018 . the market absorption has been particularly quick under the sme window where the efsi is delivering well beyond expectations . in july 2016 the sme window was thus scaled - up by eur 500 million within the existing parameters of regulation no 2015 / 1017 . a larger share of financing to be geared towards smes given the exceptional market demand for sme financing under the efsi : 40% of the increased risk bearing capacity of the efsi should be geared towards increasing access to financing for smes . ### the efsi , implemented and co - sponsored by the eib group , is on track in terms of approved operations to deliver the objective of mobilising at least eur 315 billion in additional investments in the real economy by mid - 2018 , however it is lagging behind in terms of signed operations as well as disbursements according to the eib’s operation evaluation of its functioning , that covered the period up to june 30 2016 . the market response and adoption has been particularly quick under the sme window where the efsi is delivering according to expectations due to the fact that it used existing eif mandates to have an accelerated kick start . in july 2016 the sme window was thus scaled - up by eur 500 million within the existing parameters of regulation no 2015 / 1017 . a larger share of financing to be geared towards smes given the exceptional market demand for sme financing under the efsi as well as due to the generally higher multipliers achieved through eif operations : 40% of the increased risk bearing capacity of the efsi should be geared towards increasing access to financing for smes .


### the commission shall report to the european parliament and to the council by 28 february 2024 and every five years thereafter on the operation of this regulation , its contribution to the eu ' s overall 2030 greenhouse gas emission reduction target and its contribution to the goals of the paris agreement , and may make proposals if appropriate . ### within six months of the facilitative dialogue to be conducted under unfccc in 2018 , and by 28 february 2024 and every five years thereafter , the commission shall report to the european parliament and to the council on the operation of this regulation , its contribution to the eu ' s overall 2030 greenhouse gas emission reduction target and its contribution to the goals of the paris agreement , while taking into account the latest scientific findings of the ipcc , and may make legislative proposals if appropriate .


### member states that may have a limited cancellation of up to a maximum of 100 million eu ets allowances as defined in article 3 of directive 2003 / 87 / ec collectively taken into account for their compliance under this regulation are listed in annex ii to this regulation . ### member states that may have a limited cancellation of up to a maximum of 50 million eu ets allowances as defined in article 3 of directive 2003 / 87 / ec collectively taken into account for their compliance under this regulation are listed in annex ii to this regulation .


### additional use of up to 280 million net removals from deforested land , afforested land , managed cropland and managed grassland ### additional use of up to 300 million net removals from deforested land , afforested land , managed cropland , and managed grassland , managed forest land and harvested wood products


### to the extent that a member state ' s emissions exceed its annual emission allocations for a given year , a quantity up to the sum of total net removals and total net emissions from the combined accounting categories of deforested land , afforested land , managed cropland and managed grassland referred to in article 2 of regulation [ ] [ lulucf ] may be taken into account for its compliance under article 9 of this regulation for that year , provided that : ### to the extent that a member state ' s emissions exceed its annual emission allocations for a given year , a quantity up to the sum of total net removals and total net emissions from the combined accounting categories of deforested land , afforested land , managed cropland , and managed grassland , managed forest land and harvested wood products referred to in article 2 of regulation [ ] [ lulucf ] may be taken into account for its compliance under article 9 of this regulation for that year , provided that :


### subject to the flexibilities provided for in articles 5 , 6 and 7 , to the adjustment pursuant to article 10 and taking into account any deduction resulting from the application of article 7 of decision no 406 / 2009 / ec , each member state shall ensure that its greenhouse gas emissions in each year between 2021 and 2029 do not exceed the level defined by a linear trajectory , starting in 2020 on the average of its greenhouse gas emissions during 2016 , 2017 and 2018 determined pursuant to paragraph 3 and ending in 2030 on the limit set for that member state in annex i to this regulation . ### subject to the flexibilities provided for in articles 5 , 6 and 7 , to the adjustment pursuant to article 10 and taking into account any deduction resulting from the application of article 7 of decision no 406 / 2009 / ec , each member state shall ensure that its greenhouse gas emissions in each year between 2021 and 2029 do not exceed the level defined by a linear trajectory , starting in 2020 on the value of the 2020 annual emission allocation according to decision 2013 / 634 / eu and subsequent amendments , or on the average of its greenhouse gas emissions during 2016 , 2017 and 2018 determined pursuant to paragraph 3 , using whichever value is lower , and ending in 2030 on the limit set for that member state in annex i to this regulation .


### the power to adopt delegated acts referred to in article 7 and 11 of this regulation shall be conferred on the commission for an indeterminate period of time from the entry into force of this regulation . ### the power to adopt delegated acts referred to in article 4 , 7 and 11 of this regulation shall be conferred on the commission for an indeterminate period of time from the entry into force of this regulation .


### in respect of the years 2021 to 2029 , a member state may borrow a quantity of up to 5% from its annual emission allocation for the following year . ### in respect of the years 2021 to 2029 , a member state may borrow a quantity of up to 10% from its annual emission allocation for the following year .


### on 10 june 2016 the commission presented the proposal for the eu to ratify the paris agreement . this legislative proposal forms part of the implementation of the eu ' s commitment in the paris agreement . the union ' s commitment to economy - wide emission reductions was confirmed in the intended nationally determined contribution of the union and its member states that was submitted to the secretariat of the unfccc on 6 march 2015 . ### the council ratified the paris agreement on 5 october 2016 , following the approval of the european parliament on 4 october 2016 . the paris agreement entered into force on 4 november 2016 and aims at keeping the increase of global temperature below 2 °c above pre - industrial levels and to pursue efforts to limit the temperature increase to 1 , 5 °c above pre - industrial levels . this legislative proposal forms part of the implementation of the eu ' s commitment in the paris agreement . the union ' s commitment to economy - wide emission reductions was confirmed in the intended nationally determined contribution of the union and its member states that was submitted to the secretariat of the unfccc on 6 march 2015 .


### this implementing act shall also specify , based on the percentages notified by member states under article 6 , the quantities that may be taken into account for their compliance under article 9 between 2021 and 2030 . if the sum of all member states ' quantities were to exceed the collective total of 100 million , the quantities for each member state shall be reduced on a pro rata basis so that the collective total is not exceeded . ### this delegated act shall also specify , based on the percentages notified by member states under article 6 , the quantities that may be taken into account for their compliance under article 9 between 2021 and 2030 . if the sum of all member states ' quantities were to exceed the collective total of 50 million , the quantities for each member state shall be reduced on a pro rata basis so that the collective total is not exceeded .


### subject to the flexibilities provided for in articles 5 , 6 and 7 , to the adjustment pursuant to article 10 and taking into account any deduction resulting from the application of article 7 of decision no 406 / 2009 / ec , each member state shall ensure that its greenhouse gas emissions in each year between 2021 and 2029 do not exceed the level defined by a linear trajectory , starting in 2020 on the average of its greenhouse gas emissions during 2016 , 2017 and 2018 determined pursuant to paragraph 3 and ending in 2030 on the limit set for that member state in annex i to this regulation . ### subject to the flexibilities provided for in articles 5 , 6 and 7 , to the adjustment pursuant to article 10 and taking into account any deduction resulting from the application of article 7 of decision no 406 / 2009 / ec , each member state shall ensure that its greenhouse gas emissions in each year between 2021 and 2029 do not exceed the level defined by a linear trajectory , starting in 2020 on the value of the 2020 annual emission allocation and ending in 2030 on the limit set for that member state in annex i to this regulation .


### additional use of up to 280 million net removals from deforested land , afforested land , managed cropland and managed grassland ### additional use of removals from deforested land , afforested land , managed cropland and managed grassland


### this regulation applies to the greenhouse gas emissions from ipcc source categories of energy , industrial processes and product use , agriculture and waste as determined pursuant to regulation no 525 / 2013 , excluding emissions from the activities listed in annex i to directive 2003 / 87 / ec . ### this regulation applies to the greenhouse gas emissions from ipcc source categories of energy , industrial processes and product use , agriculture and waste as determined pursuant to regulation no 525 / 2013 , excluding emissions from the activities listed in annex i to directive 2003 / 87 / ec . bioenergy shall be treated as carbon neutral for the purposes of this regulation .


### this implementing act shall also specify , based on the percentages notified by member states under article 6 , the quantities that may be taken into account for their compliance under article 9 between 2021 and 2030 . if the sum of all member states ' quantities were to exceed the collective total of 100 million , the quantities for each member state shall be reduced on a pro rata basis so that the collective total is not exceeded . ### this implementing act shall also specify , based on the percentages notified by member states under article 6 , the quantities that may be taken into account for their compliance under article 9 between 2021 and 2030 . if the sum of all member states ' quantities were to exceed the collective total of 50 million , the quantities for each member state shall be reduced on a pro rata basis so that the collective total is not exceeded .


### in 2027 and 2032 , if the reviewed greenhouse gas emissions of a member state exceed its annual emission allocation for any specific year of the period , pursuant to paragraph 2 of this article and the flexibilities used pursuant to articles 5 to 7 , the following measures shall apply : ### if the reviewed greenhouse gas emissions of a member state exceed its annual emission allocation for any specific year of the period , pursuant to paragraph 2 of this article and the flexibilities used pursuant to articles 5 to 7 , the following measures shall apply :


### on 10 june 2016 the commission presented the proposal for the eu to ratify the paris agreement . this legislative proposal forms part of the implementation of the eu ' s commitment in the paris agreement . the union ' s commitment to economy - wide emission reductions was confirmed in the intended nationally determined contribution of the union and its member states that was submitted to the secretariat of the unfccc on 6 march 2015 . ### the ratification of the paris agreement by the eu on 5 october 2016 enabled its entry into force on 4 november 2016 . the agreement aims to maintain the increase in global temperatures well below 2 °c above pre - industrial levels , whilst making efforts to limit it to 1 . 5 °c . this legislative proposal forms part of the implementation of the eu ' s commitment in the paris agreement . the union ' s commitment to economy - wide emission reductions was confirmed in the intended nationally determined contribution of the union and its member states that was submitted to the secretariat of the unfccc on 6 march 2015 .


### regulation [ ] [ on the inclusion of greenhouse gas emissions and removals from land use , land use change and forestry into the 2030 climate and energy framework ] lays down accounting rules on greenhouse gas emissions and removals relating to land use , land - use change and forestry . while the environmental outcome under this regulation in terms of the levels of greenhouse gas emission reductions that are made is affected by taking into account a quantity up to the sum of total net removals and total net emissions from deforested land , afforested land , managed cropland and managed grassland as defined in regulation [ ] , flexibility for a maximum quantity of 280 million tonnes of co2 equivalent of these removals divided among member states according to the figures in annex iii should be included as an additional possibility for member states to meet their commitments when needed . where the delegated act to update the forest reference levels based on the national forestry accounting plans pursuant to article 8 of regulation [ lulucf ] is adopted , the power to adopt acts in accordance with article 290 of the treaty on the functioning of the european union should be delegated to the commission in respect of article 7 to reflect a contribution of the accounting category managed forest land in the flexibility provided by that article . before adopting such a delegated act , the commission should evaluate the robustness of accounting for managed forest land based on available data , and in particular the consistency of projected and actual harvesting rates . in addition , the possibility to voluntarily delete annual emission allocation units should be allowed under this regulation in order to allow for such amounts to be taken into account when assessing member states ' compliance with requirements under regulation [ ] . ### regulation [ ] [ on the inclusion of greenhouse gas emissions and removals from land use , land use change and forestry into the 2030 climate and energy framework ] lays down accounting rules on greenhouse gas emissions and removals relating to land use , land - use change and forestry . while the environmental outcome under this regulation in terms of the levels of greenhouse gas emission reductions that are made is affected by taking into account a quantity up to the sum of total net removals and total net emissions from deforested land , afforested land , managed cropland , managed grassland and managed forest land and harvested wood products as defined in regulation [ ] , flexibility for a maximum quantity of 300 million tonnes of co2 equivalent of these removals divided among member states according to the figures in annex iii should be included as an additional possibility for member states to meet their commitments when needed . where the delegated act to update the forest reference levels based on the national forestry accounting plans pursuant to article 8 of regulation [ lulucf ] is adopted , the power to adopt acts in accordance with article 290 of the treaty on the functioning of the european union should be delegated to the commission in respect of article 7 to reflect a contribution of the accounting category managed forest land in the flexibility provided by that article . before adopting such a delegated act , the commission should evaluate the robustness of accounting for managed forest land based on available data , and in particular the consistency of projected and actual harvesting rates . in addition , the possibility to voluntarily delete annual emission allocation units should be allowed under this regulation in order to allow for such amounts to be taken into account when assessing member states ' compliance with requirements under regulation [ ]


### support member states with knowledge transfer useful for the national reform processes for more effective , accessible and resilient health systems and better health promotion and disease prevention addressing , in particular , the challenges identified in the european semester ### support member states with knowledge transfer useful for the national reform processes for more effective , accessible , non - discriminatory , inclusive and resilient health systems and better health promotion and disease prevention addressing , in particular , the challenges identified in the european semester


### the health strand of the esf + should contribute to disease prevention throughout the lifetime of the union ' s citizens and to health promotion by addressing health risk factors such as tobacco use and passive smoking , harmful use of alcohol , consumption of illicit drugs and reduction of drugs - related health damage , unhealthy dietary habits and physical inactivity and foster supportive environments for healthy lifestyles in order to complement member states action in line with the relevant strategies . the health strand of the esf + should mainstream effective prevention models , innovative technologies and new business models and solutions to contribute to innovative , efficient and sustainable health systems of the member states and facilitate access to better and safer healthcare for european citizens . ### the health strand of the esf + should contribute to disease prevention throughout the lifetime of the people living in the union and to health promotion by addressing health risk factors such as tobacco use and passive smoking , harmful use of alcohol , consumption of illicit drugs and reduction of drugs - related health damage , unhealthy dietary habits , particularly due to poverty , and physical inactivity and foster supportive environments for healthy lifestyles in order to complement member states action in line with the relevant strategies . the health strand of the esf + should mainstream effective prevention models reaching out to all , innovative technologies and new business models and solutions to contribute to innovative , efficient , accessible and sustainable health systems of the member states and facilitate access to better and safer healthcare for people living in the union .


### the esf + should aim to promote employment through active interventions enabling integration into the labour market , notably for youth , the long - term unemployed and the inactive , as well as through promoting self–employment and the social economy . the esf + should aim to improve the functioning of labour markets by supporting the modernisation of labour market institutions such as the public employment services in order to improve their capacity to provide intensified targeted counselling and guidance during the job search and the transition to employment and to enhance workers’ mobility . the esf + should promote women ' s participation in the labour market through measures aiming to ensure , amongst others , improved work / life balance and access to childcare . the esf + should also aim to provide a healthy and well - adapted working environment in order to respond to health risks related to changing forms of work and the needs of the ageing workforce . ### the esf + should aim to promote high - quality employment through active interventions enabling integration into the labour market , notably for youth , persons with disabilities and people with chronic diseases , the long - term unemployed and the economically inactive , as well as those facing multiple forms of discrimination through promoting self–employment and the social economy . the esf + should aim to improve the functioning of labour markets by supporting the modernisation of labour market institutions such as the public employment services in order to improve their capacity to provide intensified targeted counselling and guidance during the job search and the transition to employment and to enhance workers’ mobility . the esf + should promote women’s participation in the labour market through measures aiming to ensure , amongst others , improved work / life balance and access to childcare . the esf + should also aim to provide a healthy and well - adapted working environment in order to respond to health risks related to changing forms of work and the needs of the ageing workforce .


### under the health strand , the esf + shall support health promotion and disease prevention , contribute to effectiveness , accessibility and resilience of health systems , make healthcare safer , reduce health inequalities , protect citizens from cross - border health threats , and support eu health legislation . ### under the health strand , the esf + shall support health promotion and disease prevention , including through the promotion of physical activity , contribute to effectiveness , accessibility and resilience of health systems , make healthcare safer , reduce health inequalities , protect citizens from cross - border health threats , and support eu health legislation .


### strengthen crisis - preparedness , management and response in the union to protect citizens against cross - border health threats . ### strengthen crisis - preparedness , management and response in the union to address cross - border health threats


### promoting social integration of people at risk of poverty or social exclusion , including the most deprived and children ; ### promoting social integration of people at risk of poverty or social exclusion , including the most deprived and children , including by taking into account the use of innovative measures , such as social inclusion through sport and physical activity ;


### the union is confronted with structural challenges arising from economic globalisation , the management of migration flows and the increased security threat , clean energy transition , technological change and an increasingly ageing workforce and growing skills and labour shortages in some sectors and regions , experienced especially by smes . taking into account the changing realities of the world of work , the union should be prepared for the current and future challenges by investing in relevant skills , making growth more inclusive and by improving employment and social policies , including in view of labour mobility . ### the union is confronted with structural challenges arising from economic globalisation , the management of migration flows and the increased security threat , clean energy transition , technological change and an increasingly ageing workforce and growing skills and labour shortages in some sectors and regions , experienced especially by smes . taking into account the changing realities of the world of work , the union should be prepared for the current and future challenges by investing in relevant skills , making growth more inclusive and by improving employment and social policies , including in view of labour mobility and addressing increasing health inequalities between and within member states .


### the commission shall consult the health authorities of the member states in the steering group on health promotion , disease prevention and management of non - communicable diseases or in other relevant commission expert group or similar entities on the work plans established for the health strand and its priorities and strategic orientations and its implementation , and also on the health policy perspective of other policies and support mechanisms , thus increasing their overall coordination and added value . ### the commission shall consult the health authorities of the member states in the steering group on health promotion , disease prevention and management of non - communicable diseases or in other relevant commission expert group or similar entities such as professional bodies in the health sector , on the work plans established for the health strand and its priorities and strategic orientations and its implementation , and also on the health policy perspective of other policies and support mechanisms , thus increasing their overall coordination and added value .


### all programmes implemented under the esf + strand under shared management , as well as the operations supported by the employment and social innovation and health strands shall ensure equality between men and women throughout their preparation , implementation , monitoring and evaluation . they shall also promote equal opportunities for all , without discrimination based on sex , racial or ethnic origin , religion or belief , disability , age or sexual orientation throughout their preparation , implementation , monitoring and evaluation . ### all programmes implemented under the esf + strand under shared management , as well as the operations supported by the employment and social innovation and health strands shall ensure equality between men and women throughout their preparation , implementation , monitoring and evaluation . they shall also promote equal opportunities for all , including access to the labour market for persons with disabilities , without discrimination based on sex , racial or ethnic origin , religion or belief , disability , age or sexual orientation throughout their preparation , implementation , monitoring and evaluation .


### this directive is designed for the benefit persons who are blind , have a visual impairment which cannot be improved so as to give those persons visual function substantially equivalent to that of a person who has no such impairment , or have a perceptual or reading disability , including dyslexia , preventing them from reading printed works to substantially the same degree as persons without such disability , or are unable to hold or manipulate a book or to focus or move the eyes to the extent that would be normally acceptable for reading due to a physical disability . the objective of the measures introduced by this directive is to improve the availability of books , journals , newspapers , magazines and other writings , sheet music and other print material , including in audio form , whether digital or analogue , in formats that make those works and other subject - matter accessible to those persons to substantially the same degree as to persons without an impairment or disability . accessible formats include braille , large print , adapted e - books , audio books and radio broadcasts . ### this directive is designed for the benefit of persons who are blind , have a visual impairment which cannot be improved so as to give those persons visual function substantially equivalent to that of a person who has no such impairment , or have a perceptual or reading disability , including dyslexia , preventing them from reading printed works to substantially the same degree as persons without such disability , or are unable to hold or manipulate a book or to focus or move the eyes to the extent that would be normally acceptable for reading due to a physical impairment . the objective of the measures introduced by this directive is to improve the availability of books , journals , newspapers , magazines and other writings , sheet music and other print material , including in audio form , whether digital or analogue , in formats that make those works and other subject - matter accessible to those persons to substantially the same degree as to persons who are not blind , visually impaired or otherwise print disabled , without compromising the quality of the content . accessible formats include braille , large print , e - books , audio books and radio broadcasts , but are not limited to them .


### ' work and other subject - matter ' means a work in the form of a book , journal , newspaper , magazine or other writing , including sheet music , and related illustrations , in any media , including in audio forms such as audiobooks , which is protected by copyright or related rights and which is published or otherwise lawfully made publicly available ; ### ' work and other subject matter ' means a work in both tangible and digital format , such as a book , journal , newspaper , magazine , e - book , or other types of written or illustrated material , including sheet music as well as in audio format such as audio - books , which is protected by copyright or related rights and which is published or otherwise lawfully made publicly available through any media , including the digital format and the online environment .


### the exception should allow authorised entities to make and disseminate online and offline within the union accessible format copies of works or other subject - matter covered by this directive . ### the exception will allow authorised entities to make and disseminate online and offline within the union accessible format copies of current works , archived material or other subject - matter covered by this directive .


### the united nations convention on the rights of persons with disabilities , to which the eu is a party , guarantees people with disabilities the right of access to information and the right to participate in cultural , economic and social life on an equal basis with others . the uncrpd requires parties to the convention to take all appropriate steps , in accordance with international law , to ensure that laws protecting intellectual property rights do not constitute an unreasonable or discriminatory barrier to access by persons with disabilities to cultural materials . ### the united nations convention on the rights of persons with disabilities , to which the union is a party as of 21 january 2011 , guarantees people with disabilities the right of access to information and to communication and the right to participate in cultural , economic , political , work and social life on an equal basis with others . the uncrpd requires parties to the convention to take all appropriate steps , in accordance with international law , to ensure that laws protecting intellectual property rights do not constitute an unreasonable or discriminatory barrier to access by persons with disabilities to cultural materials .


### persons who are blind , visually impaired or otherwise print disabled continue to face many barriers in accessing books and other print material which are protected by copyright and related rights . measures need to be taken to increase the availability of those works in accessible formats and to improve their circulation in the internal market . ### persons who are blind , visually impaired or otherwise print disabled continue to face many barriers in accessing books and other print material which are protected by copyright and related rights . measures need to be taken to increase the availability of those works in accessible formats and to improve their circulation in the internal market in order to ensure access to knowledge and information .


### no sooner than [ five years after the date of transposition ] , the commission shall carry out an evaluation of this directive and present the main findings to the european parliament , the council and the european economic and social committee , accompanied , where appropriate , by proposals for the amendment of this directive ### by [ five years after the date of transposition ] , the commission – taking also into account technological developments in the context of accessibility – shall carry out an evaluation of this directive and present the main findings to the european parliament , the council and the european economic and social committee , accompanied , where appropriate , by proposals for the amendment of this directive . the commission ' s report shall take into account the viewpoints of relevant civil society actors , non - governmental organisations and social partners , including organisations of and by persons with disabilities and those representing older persons .


### ' work and other subject - matter ' means a work in the form of a book , journal , newspaper , magazine or other writing , including sheet music , and related illustrations , in any media , including in audio forms such as audiobooks , which is protected by copyright or related rights and which is published or otherwise lawfully made publicly available ; ### ' work and other subject - matter ' means a literary , academic or artistic work in the form of text , notation and / or related illustrations , including sheet music , which is protected by copyright or related rights and which is published or otherwise lawfully made publicly available in books , e - books , journals , newspapers , magazines or other writing , and in any media form , including in audio form , such as audiobooks and radio broadcasts .


### on a case - by - case basis , upon request from a passenger information unit in accordance with national law , air carriers shall transfer pnr data where access earlier than that mentioned in point of paragraph 2 is necessary to assist in responding to a specific and actual threat related to terrorist offences or serious crime . ### on a case - by - case basis , upon request from a passenger information unit in accordance with national law , air carriers shall provide pnr data where access earlier than that mentioned in point of paragraph 2 is necessary to assist in responding to a specific and actual threat related to terrorist offences or serious crime .


### ’international flight’ means any scheduled or non - scheduled flight by an air carrier planned to land on the territory of a member state originating in a third country or to depart from the territory of a member state with a final destination in a third country , including in both cases any transfer or transit flights ; ### ’international flight’ means any scheduled or non - scheduled flight by an air carrier planned to land on the territory of a member state originating in a third country or to depart from the territory of a member state with a final destination in a third country , including chartered flights , private planes , privately freighted flights , as well as any transit flights where passengers disembark ;


### pnr data enable law enforcement authorities to identify persons who were previously ‘ unknown’ , i . e . persons previously unsuspected of involvement in serious crime and terrorism , but whom an analysis of the data suggests may be involved in such crime and who should therefore be subject to further examination by the competent authorities . by using pnr data law enforcement authorities can address the threat of serious crime and terrorism from a different perspective than through the processing of other categories of personal data . however , in order to ensure that the processing of data of innocent and unsuspected persons remains as limited as possible , the aspects of the use of pnr data relating to the creation and application of assessment criteria should be further limited to serious crimes that are also transnational in nature , i . e . are intrinsically linked to travelling and hence the type of the data being processed . ### pnr data enable law enforcement authorities to identify persons who were previously ‘ unknown’ , i . e . persons previously unsuspected of involvement in serious crime and terrorism , but whom an analysis of the data suggests may be involved in such crime and who should therefore be subject to further examination by the competent authorities , including individuals who may be travelling for the purpose of the perpetration , planning , or preparation of , or participation in , terrorist acts , or the providing or receiving of terrorist training . by using pnr data law enforcement authorities can address the threat of serious crime and terrorism from a different perspective than through the processing of other categories of personal data . however , in order to ensure that the processing of data of innocent and unsuspected persons remains as limited as possible , the aspects of the use of pnr data relating to the creation and application of assessment criteria should be further limited to serious crimes that are also transnational in nature , i . e . are intrinsically linked to travelling and hence the type of the data being processed .


### 24 to 48 hours before the scheduled time for flight departure ; ### once 24 to 48 hours before the scheduled time for flight departure ;


### air carriers shall transfer pnr data by electronic means using the common protocols and supported data formats to be adopted in accordance with the procedure of articles 13 and 14 or , in the event of technical failure , by any other appropriate means ensuring an appropriate level of data security : ### air carriers shall transfer pnr data by electronic means using the common protocols and supported data formats to be adopted in accordance with the procedure of articles 13 and 14 or , in the event of technical failure of the air carriers , by any other appropriate means ensuring an appropriate level of data security :


### member states shall adopt the necessary measures to ensure that air carriers transfer the pnr data as defined in article 2 and specified in the annex , to the extent that such data are already collected by them , to the database of the national passenger information unit of the member state on the territory of which the international flight will land or from the territory of which the flight will depart . where the flight is code - shared between one or more air carriers , the obligation to transfer the pnr data of all passengers on the flight shall be on the air carrier that operates the flight . where the flight has one or more stop - overs at the airports of the member states , air carriers shall transfer the pnr data to the passenger information units of all the member states concerned . ### member states shall adopt the necessary measures to ensure that air carriers transfer the pnr data as defined in article 2 and specified in the annex , to the extent that such data are being collected in the normal course of their business , to the database of the national passenger information unit of the member state on the territory of which the international flight will land or from the territory of which the flight will depart . where the flight is code - shared between one or more air carriers , the obligation to transfer the pnr data of all passengers on the flight shall be on the air carrier that operates the flight . where the flight has one or more stop - overs at the airports of the member states , air carriers shall transfer the pnr data to the passenger information units of all the member states concerned .


### all processing of pnr data by air carriers , all transfers of pnr data by passenger information units and all requests by competent authorities or passenger information units of other member states and third countries , even if refused , shall be logged or documented by the passenger information unit and the competent authorities for the purposes of verification of the lawfulness of the data processing , self - monitoring and ensuring proper data integrity and security of data processing , in particular by the national data protection supervisory authorities . these logs shall be kept for a period of five years unless the underlying data have not yet been deleted in accordance with article 9 at the expiry of those five years , in which case the logs shall be kept until the underlying data are deleted . ### all processing of pnr data , all transfers of pnr data by passenger information units and all requests by competent authorities or passenger information units of other member states and third countries , even if refused , shall be logged or documented by the passenger information unit and the competent authorities for the purposes of verification of the lawfulness of the data processing , self - monitoring and ensuring proper data integrity and security of data processing , in particular by the national data protection supervisory authorities . these logs shall be kept for a period of five years unless the underlying data have not yet been deleted in accordance with article 9 at the expiry of those five years , in which case the logs shall be kept until the underlying data are deleted .


### text poposed by the commission as the three so - called tripartite agencies , the european foundation for the improvement of living and working conditions , the european agency for safety and health at work and the european centre for the development of vocational training address issues related to the labour market and working environment and vocational education and training and skills , close coordination among the three agencies is required and ways to enhance efficiency and synergies should be exploited . in addition , where relevant , the agency should seek to engage in efficient cooperation with the european commission ' s in - house research capacities . ### as the three so - called tripartite agencies , the european foundation for the improvement of living and working conditions , the european agency for safety and health at work and the european centre for the development of vocational training address issues related to the labour market and working environment and vocational education and training and skills , close coordination among the three agencies is required and ways to enhance efficiency and synergies should be exploited . in particular , sharing or pooling of administrative tasks between these agencies is envisaged and the agencies should adopt their respective annual work programmes in close co - operation with one another , in order to avoid overlaps . in addition , where relevant , the agency should seek to engage in efficient cooperation with the european commission ' s in - house research capacities .


### the management board shall be composed of : one member representing the government from each member state ; one member representing the employers ' organisations from each member state ; one member representing the employees ' organisations from each member state ; three members representing the commission . all members referred to in points - shall have voting rights . the members referred to in points , and shall be appointed by the council on the basis of lists of candidates submitted by the member states , the european employers’ and employees’ organisations respectively . the commission shall appoint the members who are to represent it . ### the management board shall be composed of : one member representing the government from each member state ; one member representing the employers ' organisations from each member state ; one member representing the employees ' organisations from each member state ; two members representing the commission ; one independent member representing the european parliament . all members referred to in points - shall have voting rights . the appointment shall take effect upon signing by the person concerned of a declaration of absence of conflict of interests . the members referred to in points , and shall be appointed by the council on the basis of lists of candidates submitted by the member states , the european employers’ and employees’ organisations respectively . the commission and the parliament shall appoint the members who are to represent it . a representative of the european agency for safety and health at work and a representative of the european centre for the development of vocational training shall have observer status at the meetings of the management board .


### as the three so - called tripartite agencies , the european foundation for the improvement of living and working conditions , the european agency for safety and health at work and the european centre for the development of vocational training address issues related to the labour market and working environment and vocational education and training and skills , close coordination among the three agencies is required and ways to enhance efficiency and synergies should be exploited . in addition , where relevant , the agency should seek to engage in efficient cooperation with the european commission ' s in - house research capacities . ### as the three so - called tripartite agencies , the european foundation for the improvement of living and working conditions , the european agency for safety and health at work and the european centre for the development of vocational training address issues related to the labour market and working environment and vocational education and training and skills , close coordination among the three agencies is required and ways to enhance efficiency and synergies should be exploited . in addition , where relevant , the agency should seek to improve its resource management by grouping assets , equipment and personnel to minimize risks of users and maximize advantages , and engage in efficient cooperation with the european commission ' s in - house research capacities .


### the management board shall amend the adopted annual work programme when a new task is given to the agency . the management board may delegate the power to make non - substantial amendments to the annual work programme to the executive director . ### the management board shall amend the adopted annual work programme when a new task is given to the agency . it shall be responsible for avoiding programming overlaps with the other tripartite union agencies and for ensuring that reprioritization of activities is always considered as a valid alternative before potentially granting additional financial resources . the management board may delegate the power to make non - substantial amendments to the annual work programme to the executive director .


### no later than 5 years after the date referred to in article 37 , and every 5 years thereafter , the commission shall perform an evaluation in compliance with the commission guidelines to assess the agency ' s performance in relation to its objectives , mandate and tasks . the evaluation shall , in particular , address the possible need to modify the mandate of the agency , and the financial implications of any such modification . ### no later than 5 years after the date referred to in article 37 , and every 5 years thereafter , the commission shall submit an evaluation in compliance with the commission guidelines to assess the agency ' s performance in relation to its objectives , mandate and tasks . the evaluation shall , in particular , address the possible need to modify the mandate of the agency , and the financial implications of any such modification .


### the commission shall send draft estimates to the budgetary authority together with the draft general budget of the union . ### the commission shall send draft estimates to the budgetary authority together with the draft general budget of the union . the commission shall send these draft estimates simultaneously to the agency .


### the translation services required for the functioning of the agency shall be provided by the translation centre of the bodies of the european union . ### the translation services required for the functioning of the agency shall be provided by the translation centre of the bodies of the european union or other translation service providers in accordance with the procurement rules and within the limits established by the relevant financial rules .


### to strengthen the visibility of the esrb as a body that is separate from its individual members , the chair of the esrb should be able to delegate tasks related to the external representation of the esrb to the head of the esrb secretariat . ### to strengthen the visibility of the esrb as a body that is separate from its individual members , the chair of the esrb should be able to delegate tasks related to the external representation of the esrb , with the exception of participation in hearings and discussions held in camera at the european parliament and in a committee of inquiry set up in accordance with article 226 tfeu and decision 95 / 167 / ec and in compliance with the principle of sincere cooperation , to the head of the esrb secretariat .


### the commission shall regularly review the situation in third countries that are on the eu common list of safe countries of origin , based on a range of sources of information , including in particular regular reporting from the eeas and information from member states , easo , unhcr , the council of europe and other relevant international organisations . ### the commission shall review the situation in third countries that are on the eu common list of safe countries of origin twice a year , based on a range of sources of information , including in particular regular reporting from the eeas and the union delegations in these countries , as well as information from member states , easo , unhcr , fra , the council of europe and other relevant international organisations . it shall keep the european parliament properly informed , in a timely manner .


### as regards montenegro , the legal basis for protection against persecution and mistreatment is adequately provided by substantive and procedural human rights and anti - discrimination legislation , including membership of all major international human rights treaties . in 2014 , the european court of human rights found violations in 1 out of 447 applications . there are no indications of any incidents of refoulement of its own citizens . in 2014 , member states considered that 3 , 0 % of asylum applications of citizens of montenegro were well - founded . at least nine member states have designated montenegro as a safe country of origin . montenegro has been designated as a candidate country by the european council and negotiations have been opened . at that time the assessment was that montenegro fulfilled the criteria established by the copenhagen european council of 21 - 22 june 1993 relating to stability of institutions guaranteeing democracy , the rule of law , human rights and respect for and protection of minorities and montenegro will have to continue to fulfil these criteria for becoming a member in line with the recommendations provided in the annual progress report . ### as regards montenegro , the legal basis for protection against persecution and mistreatment is adequately provided by substantive and procedural human rights and anti - discrimination legislation , including membership of all major international human rights treaties . in 2014 , the european court of human rights found violations in 1 case . there are no indications of any incidents of refoulement of its own citizens . in 2014 , member states considered that 3 , 0 % of asylum applications of citizens of montenegro were well - founded . at least nine member states have designated montenegro as a safe country of origin . montenegro has been designated as a candidate country by the european council and negotiations have been opened . at that time the assessment was that montenegro fulfilled the criteria established by the copenhagen european council of 21 - 22 june 1993 relating to stability of institutions guaranteeing democracy , the rule of law , human rights and respect for and protection of minorities and montenegro will have to continue to fulfil these criteria for becoming a member in line with the recommendations provided in the annual progress report .


### the commission shall be empowered to adopt delegated acts in accordance with article 3 to suspend the presence of a third country from the eu common list of safe countries of origin . ### the commission shall be empowered to adopt delegated acts in accordance with article 3 to suspend the presence of a third country from the eu common list of safe countries of origin without delay . within three months after the suspension , the commission shall submit a legislative proposal to amend the regulation in order to remove the third country from the eu common list . the redesignation of the country in question shall require the adoption of an amendment , in line with the ordinary legislative procedure .


### in case of sudden changes in the situation of a third country that is on the eu common list of safe countries of origin , the commission shall conduct a substantiated assessment of the fulfilment by that country of the conditions set in annex i of directive 2013 / 32 / eu and , if those conditions are no longer met , shall adopt , in accordance with article 290 tfue , a decision suspending the presence of that third country from the eu common list for a period of one year . ### in case of sudden changes in the situation of a third country that is on the eu common list of safe countries of origin , the commission shall conduct a substantiated assessment of the fulfilment by that country of the conditions set in annex i of directive 2013 / 32 / eu . if those conditions are no longer met , it shall adopt within a reasonable period of time consistent with the urgency of the situation on the ground , in accordance with article 290 tfeu , a decision suspending the presence of that third country from the eu common list for a period of one year .


### as regards bosnia and herzegovina , its constitution provides the basis for the sharing of powers between the country ' s constituent peoples . the legal basis for protection against persecution and mistreatment is adequately provided by substantive and procedural human rights and anti - discrimination legislation , including membership of all major international human rights treaties . in 2014 , the european court of human rights found violations in five out of 1196 applications . there are no indications of any incidents of refoulement of its own citizens . in 2014 , member states considered that 4 , 6% of asylum applications of citizens from bosnia and herzegovina were well - founded . at least nine member states have designated bosnia and herzegovina as a safe country of origin . ### as regards bosnia and herzegovina , its constitution provides the basis for the sharing of powers between the country ' s constituent peoples . the legal basis for protection against persecution and mistreatment is adequately provided by substantive and procedural human rights and anti - discrimination legislation , including membership of all major international human rights treaties . in 2014 , the european court of human rights found violations in five cases . there are no indications of any incidents of refoulement of its own citizens . in 2014 , member states considered that 4 , 6% of asylum applications of citizens from bosnia and herzegovina were well - founded . at least nine member states have designated bosnia and herzegovina as a safe country of origin .


### the commission should regularly review the situation in third countries that are on the eu common list of safe countries of origin . in case of sudden change for the worse in the situation of a third country on the eu common list , the power to adopt acts in accordance with article 290 of the treaty on the functioning of the european union should be delegated to the commission in respect of suspending the presence of this third country from the eu common list for a period of one year where it considers , on the basis of a substantiated assessment , that the conditions set by directive 2013 / 32 / eu for regarding a third country as safe country of origin are no longer met . for the purpose of this substantiated assessment , the commission should take into consideration a range of sources of information at its disposal including in particular , its annual progress reports for third countries designated as candidate countries by the european council , regular reports from the european external action service and the information from member states , the european asylum support office , the united nations high commissioner for refugees , the council of europe and other relevant international organisations . the commission should be able to extend the suspension of the presence of a third country from the eu common list for a period of maximum one year , where it has proposed an amendment to this regulation in order to remove this third country from the eu common list of safe countries of origin . it is of particular importance that the commission carry out appropriate consultations during its preparatory work , including at expert level . the commission , when preparing and drawing up delegated acts , should ensure a simultaneous , timely and appropriate transmission of relevant documents to the european parliament and to the council . ### the commission should continuously monitor the situation in third countries that are on the eu common list of safe countries of origin and conduct reviews in this regard at least every six months . in case of sudden change for the worse in the situation of a third country on the eu common list , the power to adopt acts in accordance with article 290 of the treaty on the functioning of the european union should be delegated to the commission in respect of suspending the presence of this third country from the eu common list for a period of one year where it considers , on the basis of a substantiated assessment , that the conditions set by directive 2013 / 32 / eu for regarding a third country as safe country of origin are no longer met . for the purpose of this substantiated assessment , the commission should take into consideration a range of sources of information at its disposal including in particular , its annual progress reports for third countries designated as candidate countries by the european council , regular reports from the european external action service and the information from member states , the european asylum support office , the united nations high commissioner for refugees , the council of europe and other relevant international organisations . the eu delegations in these countries should be tasked with monitoring for cases of refoulement and immediately report on any . the commission should be able to extend the suspension of the presence of a third country from the eu common list for a period of maximum one year , where it has proposed an amendment to this regulation in order to remove this third country from the eu common list of safe countries of origin . it is of particular importance that the commission carry out appropriate consultations during its preparatory work , including at expert level . the commission , when preparing and drawing up delegated acts , should ensure a simultaneous , timely and appropriate transmission of relevant documents to the european parliament and to the council .