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amendments

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### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals’ browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage or reading of tracking cookies for commercial purposes or for direct marketing for non - commercial purposes , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept tracking cookies for commercial purposes or for direct marketing for non - commercial purposes’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , before the first use , end - users are informed about the privacy by default settings and the possibility to change the privacy settings to other options . information provided should not dissuade end - users from maintaining high privacy settings and should include relevant information about the risks associated to allowing the different types of cookies or other tracking mechanisms , to be stored in , or read from , the app or device , including the compilation of long - term records of individuals’ browsing histories , the use of location data , the use of personal data by third parties and the use of such records to send targeted advertising . web browsers should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites certain categories of cookies are always or never allowed .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals’ browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage or reading of tracking cookies for commercial purposes or for direct marketing for non - commercial purposes , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept tracking cookies for commercial purposes or for direct marketing for non - commercial purposes’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , before the first use , end - users are informed about the privacy by default settings and the possibility to change the privacy settings to other options . information provided should not dissuade end - users from maintaining high privacy settings and should include relevant information about the risks associated to allowing the different types of cookies or other tracking mechanisms , to be stored in , or read from , the app or device , including the compilation of long - term records of individuals’ browsing histories , the use of location data , the use of personal data by third parties and the use of such records to send targeted advertising . web browsers should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites certain categories of cookies are always or never allowed .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals’ browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage or reading of tracking cookies for commercial purposes or for direct marketing for non - commercial purposes , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept tracking cookies for commercial purposes or for direct marketing for non - commercial purposes’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , before the first use , end - users are informed about the privacy by default settings and the possibility to change the privacy settings to other options . information provided should not dissuade end - users from maintaining high privacy settings and should include relevant information about the risks associated to allowing the different types of cookies or other tracking mechanisms , to be stored in , or read from , the app or device , including the compilation of long - term records of individuals’ browsing histories , the use of location data , the use of personal data by third parties and the use of such records to send targeted advertising . web browsers should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites certain categories of cookies are always or never allowed .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals’ browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage or reading of tracking cookies for commercial purposes or for direct marketing for non - commercial purposes , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept tracking cookies for commercial purposes or for direct marketing for non - commercial purposes’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , before the first use , end - users are informed about the privacy by default settings and the possibility to change the privacy settings to other options . information provided should not dissuade end - users from maintaining high privacy settings and should include relevant information about the risks associated to allowing the different types of cookies or other tracking mechanisms , to be stored in , or read from , the app or device , including the compilation of long - term records of individuals’ browsing histories , the use of location data , the use of personal data by third parties and the use of such records to send targeted advertising . web browsers should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites certain categories of cookies are always or never allowed .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals’ browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage or reading of tracking cookies for commercial purposes or for direct marketing for non - commercial purposes , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept tracking cookies for commercial purposes or for direct marketing for non - commercial purposes’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , before the first use , end - users are informed about the privacy by default settings and the possibility to change the privacy settings to other options . information provided should not dissuade end - users from maintaining high privacy settings and should include relevant information about the risks associated to allowing the different types of cookies or other tracking mechanisms , to be stored in , or read from , the app or device , including the compilation of long - term records of individuals’ browsing histories , the use of location data , the use of personal data by third parties and the use of such records to send targeted advertising . web browsers should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites certain categories of cookies are always or never allowed .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals’ browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage or reading of tracking cookies for commercial purposes or for direct marketing for non - commercial purposes , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept tracking cookies for commercial purposes or for direct marketing for non - commercial purposes’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , before the first use , end - users are informed about the privacy by default settings and the possibility to change the privacy settings to other options . information provided should not dissuade end - users from maintaining high privacy settings and should include relevant information about the risks associated to allowing the different types of cookies or other tracking mechanisms , to be stored in , or read from , the app or device , including the compilation of long - term records of individuals’ browsing histories , the use of location data , the use of personal data by third parties and the use of such records to send targeted advertising . web browsers should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites certain categories of cookies are always or never allowed .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals’ browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage or reading of tracking cookies for commercial purposes or for direct marketing for non - commercial purposes , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept tracking cookies for commercial purposes or for direct marketing for non - commercial purposes’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , before the first use , end - users are informed about the privacy by default settings and the possibility to change the privacy settings to other options . information provided should not dissuade end - users from maintaining high privacy settings and should include relevant information about the risks associated to allowing the different types of cookies or other tracking mechanisms , to be stored in , or read from , the app or device , including the compilation of long - term records of individuals’ browsing histories , the use of location data , the use of personal data by third parties and the use of such records to send targeted advertising . web browsers should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites certain categories of cookies are always or never allowed .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals’ browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage or reading of tracking cookies for commercial purposes or for direct marketing for non - commercial purposes , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept tracking cookies for commercial purposes or for direct marketing for non - commercial purposes’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , before the first use , end - users are informed about the privacy by default settings and the possibility to change the privacy settings to other options . information provided should not dissuade end - users from maintaining high privacy settings and should include relevant information about the risks associated to allowing the different types of cookies or other tracking mechanisms , to be stored in , or read from , the app or device , including the compilation of long - term records of individuals’ browsing histories , the use of location data , the use of personal data by third parties and the use of such records to send targeted advertising . web browsers should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites certain categories of cookies are always or never allowed .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### for web browsers to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , for example , to the storage of third party tracking cookies , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of such cookies in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select ‘ accept third party cookies’ to confirm their agreement and are given the necessary information to make the choice . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing third party cookies to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers are encouraged to provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain websites or to specify for which websites party cookies are always or never allowed . ### for web browsers or other applications to be able to obtain end - users’ consent as defined under regulation 2016 / 679 , they should , among others , require a clear affirmative action from the end - user of terminal equipment to signify his or her freely given , specific informed , and unambiguous agreement to the storage and access of tracking cookies or other tracking mechanisms in and from the terminal equipment . such action may be considered to be affirmative , for example , if end - users are required to actively select cookies or trackers that process data beyond what is necessary for the service to function to confirm their agreement , after they have been provided with different options and have been given the necessary information to make the choice . such information should include the possible impact on the customer experience or on the end - user’s ability to access all the functionalities of the website . consent should not be valid for cross - device tracking if the end - user was not informed and is not able to opt out . to this end , it is necessary to require providers of software enabling access to internet that , at the moment of installation , end - users are informed about the possibility to choose the privacy settings among the various options and ask them to make a choice . information provided should not dissuade end - users from selecting higher privacy settings and should include relevant information about the risks associated to allowing tracking cookies or other tracking mechanisms to be stored in the computer , including the compilation of long - term records of individuals ' browsing histories and the use of such records to send targeted advertising . web browsers or other applications should provide easy ways for end - users to change the privacy settings at any time during use and to allow the user to make exceptions for or to whitelist certain parties or cookies that are always or never allowed . where a business model is based on targeted advertising , consent should not be considered as freely given if access to the service is made conditional on data processing . in such cases , the end - user should be provided with other fair and reasonable options that do not process his or her communications data , such as i . e . subscription , paid access , or limited access to parts of the service .

### accessing electronic communications networks requires the regular emission of certain data packets in order to discover or maintain a connection with the network or other devices on the network . furthermore , devices must have a unique address assigned in order to be identifiable on that network . wireless and cellular telephone standards similarly involve the emission of active signals containing unique identifiers such as a mac address , the imei , the imsi etc . a single wireless base station , such as a wireless access point , has a specific range within which such information may be captured . service providers have emerged who offer tracking services based on the scanning of equipment related information with diverse functionalities , including people counting , providing data on the number of people waiting in line , ascertaining the number of people in a specific area , etc . this information may be used for more intrusive purposes , such as to send commercial messages to end - users , for example when they enter stores , with personalized offers . while some of these functionalities do not entail high privacy risks , others do , for example , those involving the tracking of individuals over time , including repeated visits to specified locations . providers engaged in such practices should display prominent notices located on the edge of the area of coverage informing end - users prior to entering the defined area that the technology is in operation within a given perimeter , the purpose of the tracking , the person responsible for it and the existence of any measure the end - user of the terminal equipment can take to minimize or stop the collection . additional information should be provided where personal data are collected pursuant to article 13 of regulation 2016 / 679 . ### accessing electronic communications networks requires the regular emission of certain data packets in order to discover or maintain a connection with the network or other devices on the network . furthermore , devices must have a unique address assigned in order to be identifiable on that network . wireless and cellular telephone standards similarly involve the emission of active signals containing unique identifiers such as a mac address , the imei , the imsi etc . a single wireless base station , such as a wireless access point , has a specific range within which such information may be captured . service providers have emerged who offer tracking services based on the scanning of equipment related information with diverse functionalities , including people counting , providing data on the number of people waiting in line , ascertaining the number of people in a specific area , etc . this information is sometimes being used for more intrusive purposes , such as to send commercial messages to end - users , for example when they enter stores , with personalized offers . while some of these functionalities do not entail high privacy risks , others do , for example , those involving the tracking of individuals over time , including repeated visits to specified locations . providers engaged in statistical counting should display prominent notices located on the edge of the area of coverage informing end - users prior to entering the defined area that the technology is in operation within a given perimeter , the purpose of the tracking , the person responsible for it and the existence of any measure the end - user of the terminal equipment can take to minimize or stop the collection . consent is needed for any other type of data collection using the scanning of equipment , after informing the end - user pursuant to article 13 of regulation 2016 / 679 .

### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard specific public interests , including national security , defence , public security and the prevention , investigation , detection or prosecution of criminal offences or the execution of criminal penalties , including the safeguarding against and the prevention of threats to public security and other important objectives of general public interest of the union or of a member state , in particular an important economic or financial interest of the union or of a member state , or a monitoring , inspection or regulatory function connected to the exercise of official authority for such interests . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 . ### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard national security , defence , public security , and the prevention , investigation , detection and prosecution of criminal offences or of unauthorised use of the electronic communications system . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 .

### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard specific public interests , including national security , defence , public security and the prevention , investigation , detection or prosecution of criminal offences or the execution of criminal penalties , including the safeguarding against and the prevention of threats to public security and other important objectives of general public interest of the union or of a member state , in particular an important economic or financial interest of the union or of a member state , or a monitoring , inspection or regulatory function connected to the exercise of official authority for such interests . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 . ### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard national security , defence , public security , and the prevention , investigation , detection and prosecution of criminal offences or of unauthorised use of the electronic communications system . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 .

### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard specific public interests , including national security , defence , public security and the prevention , investigation , detection or prosecution of criminal offences or the execution of criminal penalties , including the safeguarding against and the prevention of threats to public security and other important objectives of general public interest of the union or of a member state , in particular an important economic or financial interest of the union or of a member state , or a monitoring , inspection or regulatory function connected to the exercise of official authority for such interests . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 . ### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard national security , defence , public security , and the prevention , investigation , detection and prosecution of criminal offences or of unauthorised use of the electronic communications system . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 .

### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard specific public interests , including national security , defence , public security and the prevention , investigation , detection or prosecution of criminal offences or the execution of criminal penalties , including the safeguarding against and the prevention of threats to public security and other important objectives of general public interest of the union or of a member state , in particular an important economic or financial interest of the union or of a member state , or a monitoring , inspection or regulatory function connected to the exercise of official authority for such interests . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 . ### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard national security , defence , public security , and the prevention , investigation , detection and prosecution of criminal offences or of unauthorised use of the electronic communications system . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 .

### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation should provide for the possibility for the union or member states under specific conditions to restrict by law certain obligations and rights when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard specific public interests , including national security , defence , public security and the prevention , investigation , detection or prosecution of criminal offences or the execution of criminal penalties , including the safeguarding against and the prevention of threats to public security and other important objectives of general public interest of the union or of a member state , in particular an important economic or financial interest of the union or of a member state , or a monitoring , inspection or regulatory function connected to the exercise of official authority for such interests . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 . ### when the processing of electronic communications data by providers of electronic communications services falls within its scope , this regulation is without prejudice to the possibility for the union or member states under specific conditions set out in this regulation to restrict by law certain obligations and rights , when such a restriction constitutes a necessary and proportionate measure in a democratic society to safeguard specific public interests , including national security , defence , and the prevention , investigation , detection or prosecution of criminal offences or the execution of criminal penalties , including the safeguarding against and the prevention of threats to public security . therefore , this regulation should not affect the ability of member states to carry out lawful interception of electronic communications or take other measures , if necessary and proportionate to safeguard the public interests mentioned above , following a court order and in accordance with the charter of fundamental rights of the european union and the european convention for the protection of human rights and fundamental freedoms , as interpreted by the court of justice of the european union and of the european court of human rights . providers of electronic communications services should provide for appropriate procedures to facilitate legitimate requests of competent authorities , where relevant also taking into account the role of the representative designated pursuant to article 3 .

### publicly available directories of end - users of electronic communications services are widely distributed . publicly available directories means any directory or service containing end - users information such as phone numbers , email address contact details and includes inquiry services . the right to privacy and to protection of the personal data of a natural person requires that end - users that are natural persons are asked for consent before their personal data are included in a directory . the legitimate interest of legal entities requires that end - users that are legal entities have the right to object to the data related to them being included in a directory . ### publicly available directories of end - users of electronic communications services are widely distributed . publicly available directories means any directory or service containing end - users information such as phone numbers , email address contact details and includes inquiry services . the right to privacy and to protection of the personal data of a natural person requires that end - users that are natural persons are asked for consent before their personal data are included in a directory . to allow for a transition in cases where end - users’ information has been included in such a directory without consent , where acquiring consent would lay an unreasonable burden on the directory or the originating service provider , consent should only be required for new subscribers from the moment of application of this regulation . the legitimate interest of legal entities requires that end - users that are legal entities have the right to object to the data related to them being included in a directory .

### if end - users that are natural persons give their consent to their data being included in such directories , they should be able to determine on a consent basis which categories of personal data are included in the directory . in addition , providers of publicly available directories should inform the end - users of the purposes of the directory and of the search functions of the directory before including them in that directory . end - users should be able to determine by consent on the basis of which categories of personal data their contact details can be searched . the categories of personal data included in the directory and the categories of personal data on the basis of which the end - user’s contact details can be searched should not necessarily be the same . ### if end - users that are natural persons give their consent to their data being included in such directories , they should be able to determine on a consent basis which specific directory may include their information , the categories of personal data to be included in each of the respective directories . in addition , providers of publicly available directories should inform the end - users of the purposes of the directory and of the search functions of the directory before including them in that directory . end - users should be able to determine by consent on the basis of which categories of personal data their contact details can be searched . the categories of personal data included in the directory and the categories of personal data on the basis of which the end - user’s contact details can be searched should not necessarily be the same .

### if end - users that are natural persons give their consent to their data being included in such directories , they should be able to determine on a consent basis which categories of personal data are included in the directory . in addition , providers of publicly available directories should inform the end - users of the purposes of the directory and of the search functions of the directory before including them in that directory . end - users should be able to determine by consent on the basis of which categories of personal data their contact details can be searched . the categories of personal data included in the directory and the categories of personal data on the basis of which the end - user’s contact details can be searched should not necessarily be the same . ### if end - users that are natural persons give their consent to their data being included in such directories , they should be able to determine on a consent basis which specific directory may include their information , the categories of personal data to be included in each of the respective directories . in addition , providers of publicly available directories should inform the end - users of the purposes of the directory and of the search functions of the directory before including them in that directory . end - users should be able to determine by consent on the basis of which categories of personal data their contact details can be searched . the categories of personal data included in the directory and the categories of personal data on the basis of which the end - user’s contact details can be searched should not necessarily be the same .

### if end - users that are natural persons give their consent to their data being included in such directories , they should be able to determine on a consent basis which categories of personal data are included in the directory . in addition , providers of publicly available directories should inform the end - users of the purposes of the directory and of the search functions of the directory before including them in that directory . end - users should be able to determine by consent on the basis of which categories of personal data their contact details can be searched . the categories of personal data included in the directory and the categories of personal data on the basis of which the end - user’s contact details can be searched should not necessarily be the same . ### if end - users that are natural persons give their consent to their data being included in such directories , they should be able to determine on a consent basis which specific directory may include their information , the categories of personal data to be included in each of the respective directories . in addition , providers of publicly available directories should inform the end - users of the purposes of the directory and of the search functions of the directory before including them in that directory . end - users should be able to determine by consent on the basis of which categories of personal data their contact details can be searched . the categories of personal data included in the directory and the categories of personal data on the basis of which the end - user’s contact details can be searched should not necessarily be the same .

### ‘ electronic communications metadata’ means data processed in an electronic communications network for the purposes of transmitting , distributing or exchanging electronic communications content ; including data used to trace and identify the source and destination of a communication , data on the location of the device generated in the context of providing electronic communications services , and the date , time , duration and the type of communication ; ### ‘ electronic communications metadata’ means all data processed for the purpose of transmitting , distributing or exchanging electronic communications content ; including data used to trace and identify the source and destination of a communication , data on the location of the device generated in the context of providing electronic communications services , and the date , time , duration and the type of communication ;

### providers of electronic communications networks and services may process electronic communications data if : ### providers of electronic communications networks and services may process electronic communications data only&#160 ; if :

### without prejudice to point of article 6 and points and of article 6 , the provider of the electronic communications service shall erase electronic communications content or make that data anonymous after receipt of electronic communication content by the intended recipient or recipients . such data may be recorded or stored by the end - users or by a third party entrusted by them to record , store or otherwise process such data , in accordance with regulation 2016 / 679 . ### without prejudice to point of article 6 and points , and of article 6 , the provider of the electronic communications service shall erase electronic communications content or make that data anonymous after receipt of electronic communication content by the intended recipient or recipients . such data may be recorded or stored by the end - users or by a party , which could be the provider of the electronic communication service , specifically entrusted by the end - user to record , store or otherwise process such data . the end - user may further process the content in accordance with regulation 2016 / 679 , if applicable .

### without prejudice to point of article 6 and points and of article 6 , the provider of the electronic communications service shall erase electronic communications content or make that data anonymous after receipt of electronic communication content by the intended recipient or recipients . such data may be recorded or stored by the end - users or by a third party entrusted by them to record , store or otherwise process such data , in accordance with regulation 2016 / 679 . ### without prejudice to point of article 6 and points , and of article 6 , the provider of the electronic communications service shall erase electronic communications content or make that data anonymous after receipt of electronic communication content by the intended recipient or recipients . such data may be recorded or stored by the end - users or by a party , which could be the provider of the electronic communication service , specifically entrusted by the end - user to record , store or otherwise process such data . the end - user may further process the content in accordance with regulation 2016 / 679 , if applicable .

### where a natural or legal person obtains electronic contact details for e - mail from its customer , in the context of the sale of a product or a service , in accordance with regulation 2016 / 679 , that natural or legal person may use these electronic contact details for direct marketing of its own similar products or services only if customers are clearly and distinctly given the opportunity to object , free of charge and in an easy manner , to such use . the right to object shall be given at the time of collection and each time a message is sent . ### where a natural or legal person obtains electronic contact details for electronic mail from its customer , in the context of the sale of a product or a service , in accordance with regulation 2016 / 679 , that natural or legal person may use these electronic contact details for direct marketing of its own similar products or services for a period of no more than 12 months only if customers are clearly and distinctly given the opportunity to object , free of charge and in an easy manner , to such use . the customer shall be informed about the right to object and shall be given an easy way to exercise it at the time of collection and each time a message is sent .

### without prejudice to any other administrative or judicial remedy , every end - user of electronic communications services shall have the same remedies provided for in articles 77 , 78 , and 79 of regulation 2016 / 679 . ### without prejudice to any other administrative or judicial remedy , every end - user of electronic communications services and , where applicable , every body , organization or association , shall have the same remedies provided for in articles 77 , 78 , &#160 ; 79 and 80&#160 ; of regulation 2016 / 679 .

### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget . ### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules , thus acting as a further disincentive for investments . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget .

### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget . ### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules , thus acting as a further disincentive for investments . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget .

### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget . ### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules , thus acting as a further disincentive for investments . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget .

### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget . ### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules , thus acting as a further disincentive for investments . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget .

### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget . ### evaluations have underlined that the variety of financial instruments delivered under the 2014 - 2020 multiannual financial framework period has led to some overlaps . that variety has also produced complexity for intermediaries and final recipients who were confronted with different eligibility and reporting rules , thus acting as a further disincentive for investments . absence of compatible rules also hampered the combination of several union funds although such combination would have been beneficial to support projects in need of different types of funding . therefore , a single fund , the investeu fund , should be set up in order to achieve a more efficiently functioning support to final recipients by integrating and simplifying the financial offer under a single budgetary guarantee scheme , thereby improving the impact of union intervention while reducing the cost to the union budget .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### in the last years , the union has adopted ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing . ### in the last years , the union has followed ambitious strategies to complete the single market and to stimulate sustainable growth and jobs , such as the capital markets union , the digital single market strategy , the clean energy for all europeans package , the establishment of the connecting europe facility , the union action plan for the circular economy , the low - emission mobility strategy , the defence and the space strategy for europe . the investeu fund should exploit and reinforce synergies between those mutually reinforcing strategies through providing support to investment and access to financing .

### the investeu fund should contribute to improving the competitiveness of the union , including in the field of innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union . ### the investeu fund should contribute to improving the competitiveness of the union , including in the field of sustainable infrastructure , innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union .

### the investeu fund should contribute to improving the competitiveness of the union , including in the field of innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union . ### the investeu fund should contribute to improving the competitiveness of the union , including in the field of sustainable infrastructure , innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union .

### the investeu fund should contribute to improving the competitiveness of the union , including in the field of innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union . ### the investeu fund should contribute to improving the competitiveness of the union , including in the field of sustainable infrastructure , innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union .

### the investeu fund should contribute to improving the competitiveness of the union , including in the field of innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union . ### the investeu fund should contribute to improving the competitiveness of the union , including in the field of sustainable infrastructure , innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union .

### the investeu fund should contribute to improving the competitiveness of the union , including in the field of innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union . ### the investeu fund should contribute to improving the competitiveness of the union , including in the field of sustainable infrastructure , innovation and digitisation , the sustainability of the union ' s economic growth , the social resilience and inclusiveness and the integration of the union capital markets , including solutions addressing their fragmentation and diversifying sources of financing for the union enterprises . to that end , it should support projects that are technically and economically viable by providing a framework for the use of debt , risk sharing and equity instruments underpinned by a guarantee from the union ' s budget and by contributions from implementing partners . it should be demand - driven while support under the investeu fund should at the same time focus on contributing to meeting policy objectives of the union .

### the investeu fund should support investments in tangible and intangible assets to foster growth , investment and employment , and thereby contributing to improved well - being and fairer income distribution in the union . intervention through the investeu fund should complement union support delivered through grants . ### the investeu fund should support investments in tangible and intangible assets to foster growth , investment and employment , and thereby contributing to improved well - being and fairer income distribution in the union . intervention through the investeu fund should complement , whenever necessary , union support delivered through grants .

### the investeu fund should support investments in tangible and intangible assets to foster growth , investment and employment , and thereby contributing to improved well - being and fairer income distribution in the union . intervention through the investeu fund should complement union support delivered through grants . ### the investeu fund should support investments in tangible and intangible assets to foster growth , investment and employment , and thereby contributing to improved well - being and fairer income distribution in the union . intervention through the investeu fund should complement , whenever necessary , union support delivered through grants .

### the investeu fund should support investments in tangible and intangible assets to foster growth , investment and employment , and thereby contributing to improved well - being and fairer income distribution in the union . intervention through the investeu fund should complement union support delivered through grants . ### the investeu fund should support investments in tangible and intangible assets to foster growth , investment and employment , and thereby contributing to improved well - being and fairer income distribution in the union . intervention through the investeu fund should complement , whenever necessary , union support delivered through grants .

### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market . ### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures , particularly in the case of cross - border projects , or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market .

### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market . ### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures , particularly in the case of cross - border projects , or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market .

### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market . ### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures , particularly in the case of cross - border projects , or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market .

### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market . ### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures , particularly in the case of cross - border projects , or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market .

### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market . ### each policy window should be composed of two compartments , that is to say an eu compartment and a member state compartment . the eu compartment should address union - wide market failures , particularly in the case of cross - border projects , or sub - optimal investment situations in a proportionate manner ; supported actions should have a clear european added value . the member state compartment should give member states the possibility to contribute a share of their resources of funds under shared management to the provisioning of the eu guarantee to use the eu guarantee for financing or investment operations to address specific market failures or sub - optimal investment situations in their own territory , including in vulnerable and remote areas such as the outermost regions of the union , to deliver objectives of the fund under shared management . actions supported from the investeu fund through either eu or member state compartments should not duplicate or crowd out private financing or distort competition in the internal market .

### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure the appropriate use of the eu guarantee . ### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure balanced use of the eu guarantee .

### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure the appropriate use of the eu guarantee . ### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure balanced use of the eu guarantee .

### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure the appropriate use of the eu guarantee . ### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure balanced use of the eu guarantee .

### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure the appropriate use of the eu guarantee . ### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure balanced use of the eu guarantee .

### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure the appropriate use of the eu guarantee . ### the eu guarantee underpinning the investeu fund should be implemented indirectly by the commission relying on implementing partners with outreach to final recipients . a guarantee agreement allocating guarantee capacity from the investeu fund should be concluded by the commission with each implementing partner , to support its financing and investment operations meeting the investeu fund objectives and eligibility criteria . the investeu fund should be provided with a specific governance structure to ensure balanced use of the eu guarantee .

### in order to ensure that interventions under the eu compartment of the investeu fund focus on market failures and sub - optimal investment situations at union level , but , at the same time , satisfy the objectives of best possible geographic outreach , the eu guarantee should be allocated to implementing partners , which alone or together with other implementing partners , can cover at least three member states . however , it is expected that around 75 % of the eu guarantee under the eu compartment would be allocated to implementing partner or partners that can offer financial products under the investeu fund in all member states . ### in order to ensure that interventions under the eu compartment of the investeu fund focus on market failures and sub - optimal investment situations at union level , but , at the same time , satisfy the objectives of best possible geographic outreach , the eu guarantee should be allocated to implementing partners , which alone or together with other implementing partners , can cover at least two member states . however , it is expected that around 75 % of the eu guarantee under the eu compartment would be allocated to implementing partner or partners that can offer financial products under the investeu fund in all member states .

### in order to ensure that interventions under the eu compartment of the investeu fund focus on market failures and sub - optimal investment situations at union level , but , at the same time , satisfy the objectives of best possible geographic outreach , the eu guarantee should be allocated to implementing partners , which alone or together with other implementing partners , can cover at least three member states . however , it is expected that around 75 % of the eu guarantee under the eu compartment would be allocated to implementing partner or partners that can offer financial products under the investeu fund in all member states . ### in order to ensure that interventions under the eu compartment of the investeu fund focus on market failures and sub - optimal investment situations at union level , but , at the same time , satisfy the objectives of best possible geographic outreach , the eu guarantee should be allocated to implementing partners , which alone or together with other implementing partners , can cover at least two member states . however , it is expected that around 75 % of the eu guarantee under the eu compartment would be allocated to implementing partner or partners that can offer financial products under the investeu fund in all member states .

### in order to ensure that interventions under the eu compartment of the investeu fund focus on market failures and sub - optimal investment situations at union level , but , at the same time , satisfy the objectives of best possible geographic outreach , the eu guarantee should be allocated to implementing partners , which alone or together with other implementing partners , can cover at least three member states . however , it is expected that around 75 % of the eu guarantee under the eu compartment would be allocated to implementing partner or partners that can offer financial products under the investeu fund in all member states . ### in order to ensure that interventions under the eu compartment of the investeu fund focus on market failures and sub - optimal investment situations at union level , but , at the same time , satisfy the objectives of best possible geographic outreach , the eu guarantee should be allocated to implementing partners , which alone or together with other implementing partners , can cover at least two member states . however , it is expected that around 75 % of the eu guarantee under the eu compartment would be allocated to implementing partner or partners that can offer financial products under the investeu fund in all member states .

### the investeu fund should , where appropriate , allow for a smooth and efficient blending of grants or financial instruments , or both , funded by the union budget or by the eu emissions trading system innovation fund with that guarantee in situations where this is necessary to best underpin investments to address particular market failures or sub - optimal investment situations . ### the investeu fund should , where appropriate , allow for a smooth and efficient blending of grants or financial instruments , or both , funded by the union budget or any other ad hoc fund , such as the eu emissions trading system innovation fund with that guarantee in situations where this is necessary to best underpin investments to address particular market failures or sub - optimal investment situations .

### the investeu fund should , where appropriate , allow for a smooth and efficient blending of grants or financial instruments , or both , funded by the union budget or by the eu emissions trading system innovation fund with that guarantee in situations where this is necessary to best underpin investments to address particular market failures or sub - optimal investment situations . ### the investeu fund should , where appropriate , allow for a smooth and efficient blending of grants or financial instruments , or both , funded by the union budget or any other ad hoc fund , such as the eu emissions trading system innovation fund with that guarantee in situations where this is necessary to best underpin investments to address particular market failures or sub - optimal investment situations .

### the investeu fund should , where appropriate , allow for a smooth and efficient blending of grants or financial instruments , or both , funded by the union budget or by the eu emissions trading system innovation fund with that guarantee in situations where this is necessary to best underpin investments to address particular market failures or sub - optimal investment situations . ### the investeu fund should , where appropriate , allow for a smooth and efficient blending of grants or financial instruments , or both , funded by the union budget or any other ad hoc fund , such as the eu emissions trading system innovation fund with that guarantee in situations where this is necessary to best underpin investments to address particular market failures or sub - optimal investment situations .

### this regulation establishes the investeu fund providing for an eu guarantee for financing and investment operations carried out by the implementing partners in support of the union’s internal policies . ### this regulation establishes the investeu fund providing for an eu guarantee for financing and investment operations carried out by the implementing partners in support of the union’s internal policies and sets the terms governing relations with the various partners , under the scope of this regulation .

### this regulation establishes the investeu fund providing for an eu guarantee for financing and investment operations carried out by the implementing partners in support of the union’s internal policies . ### this regulation establishes the investeu fund providing for an eu guarantee for financing and investment operations carried out by the implementing partners in support of the union’s internal policies and sets the terms governing relations with the various partners , under the scope of this regulation .

### this regulation establishes the investeu fund providing for an eu guarantee for financing and investment operations carried out by the implementing partners in support of the union’s internal policies . ### this regulation establishes the investeu fund providing for an eu guarantee for financing and investment operations carried out by the implementing partners in support of the union’s internal policies and sets the terms governing relations with the various partners , under the scope of this regulation .

### this regulation establishes the investeu fund providing for an eu guarantee for financing and investment operations carried out by the implementing partners in support of the union’s internal policies . ### this regulation establishes the investeu fund providing for an eu guarantee for financing and investment operations carried out by the implementing partners in support of the union’s internal policies and sets the terms governing relations with the various partners , under the scope of this regulation .

### the eu guarantee for the purposes of the eu compartment referred to in point of article 8 shall be eur 38 000 000 000 . it shall be provisioned at the rate of 40 % . ### the eu guarantee for the purposes of the eu compartment referred to in point of article 8 shall be eur 38 000 000 000 . it shall be provisioned at the rate of 40 % , that is to say eur 15 200 000 000 .

### the eu guarantee for the purposes of the eu compartment referred to in point of article 8 shall be eur 38 000 000 000 . it shall be provisioned at the rate of 40 % . ### the eu guarantee for the purposes of the eu compartment referred to in point of article 8 shall be eur 38 000 000 000 . it shall be provisioned at the rate of 40 % , that is to say eur 15 200 000 000 .

### the eu guarantee for the purposes of the eu compartment referred to in point of article 8 shall be eur 38 000 000 000 . it shall be provisioned at the rate of 40 % . ### the eu guarantee for the purposes of the eu compartment referred to in point of article 8 shall be eur 38 000 000 000 . it shall be provisioned at the rate of 40 % , that is to say eur 15 200 000 000 .

### the indicative distribution of the amount referred to in the first subparagraph of paragraph 1 is set out in annex i to this regulation . the commission may modify the amounts referred to in that annex i , where appropriate , by up to 15 % for each objective . it shall inform the european parliament and the council of any modification . ### the indicative distribution of the amount referred to in the first subparagraph of paragraph 1 is set out in annex i to this regulation . the commission may modify the amounts referred to in that annex i , where appropriate , by up to 20 % for each objective . it shall inform the european parliament and the council of any modification .

### the indicative distribution of the amount referred to in the first subparagraph of paragraph 1 is set out in annex i to this regulation . the commission may modify the amounts referred to in that annex i , where appropriate , by up to 15 % for each objective . it shall inform the european parliament and the council of any modification . ### the indicative distribution of the amount referred to in the first subparagraph of paragraph 1 is set out in annex i to this regulation . the commission may modify the amounts referred to in that annex i , where appropriate , by up to 20 % for each objective . it shall inform the european parliament and the council of any modification .

### acceding countries , candidate countries and potential candidates , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ; ### acceding countries and candidate countries , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ;

### acceding countries , candidate countries and potential candidates , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ; ### acceding countries and candidate countries , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ;

### acceding countries , candidate countries and potential candidates , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ; ### acceding countries and candidate countries , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ;

### acceding countries , candidate countries and potential candidates , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ; ### acceding countries and candidate countries , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ;

### acceding countries , candidate countries and potential candidates , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ; ### acceding countries and candidate countries , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ;

### acceding countries , candidate countries and potential candidates , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ; ### acceding countries and candidate countries , in accordance with the general principles and general terms and conditions for their participation in union programmes established in the respective framework agreements and association council decisions , or similar agreements , and in accordance with the specific conditions laid down in agreements between the union and them ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### cross - border projects between entities located or established in one or more member states and extending to one or more third countries , including acceding countries , candidate countries and potential candidates , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ; ### cross - border projects between entities located or established in one or more member&#160 ; states and extending to one or more third countries , including acceding countries and candidate countries , countries covered by the european neighbourhood policy , the european economic area or the european free trade association , or to an overseas country or territory as set out in annex ii to the tfeu , or to an associated third country , whether or not there is a partner in those third countries or overseas countries or territories ;

### the remuneration for risk - taking shall be allocated between the union and an implementing partner in proportion to their respective share in the risk - taking of a portfolio of financing and investment operations or , where relevant , of individual operations . the implementing partner shall have an appropriate exposure at its own risk to financing and investment operations supported by the eu guarantee , unless exceptionally the policy objectives targeted by the financial product to be implemented are of such nature that the implementing partner could not reasonably contribute its own risk - bearing capacity to it . ### the remuneration for risk - taking shall be allocated between the union and an implementing partner in proportion to their respective share in the risk - taking of a portfolio of financing and investment operations or , where relevant , of individual operations . the implementing partner shall have a balanced exposure at its own risk to financing and investment operations supported by the eu guarantee , and , therefore , to the first - loss guarantee , unless exceptionally the policy objectives targeted by the financial product to be implemented are of such nature that the implementing partner could not reasonably contribute its own risk - bearing capacity to it .