What changed between the adopted text of 17 Oct 2023 and the adopted text of 27 Feb 2024

Removed:Regulation (EU) 2021/1056

Removed:Article 11 – paragraph 1 – point 3, Article 10 – paragraph 4 – subparagraph 6: By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rates for dedicated priorities established to support the STEP objectives referred to in Article 2 of Regulation …/… [STEP Regulation] may be increased up to 100 %.

Removed:Regulation (EU) 2021/1057

Removed:Article 12 – paragraph 1 – point 1, Article 12a – paragraph 1: In addition to the pre-financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060, where the Commission approves an amendment of a programme including one or more priorities dedicated to operations supported by the ESF+ contributing to the STEP objectives referred to in Article 2 of Regulation .../..66 [STEP Regulation], it shall make an exceptional pre-financing of 30% on the basis of the allocation to those priorities. This exceptional pre-financing shall also benefit operations which contribute to the deployment of the learning programmes of the European Net Zero Industry Academies as well as the training of young people and the skilling, upskilling and reskilling of workers in net-zero technologies. The exceptional pre-financing shall be paid by 31 December 2024, provided the Commission has adopted the decision approving the programme amendment by 31 October 2024.

Removed:Regulation (EU) 2021/1057

Removed:Article 12 – paragraph 1, Article 12a – paragraph 6: By way of derogation from Article 112 of Regulation (EU) 2021/1060, the co-financing rates for dedicated priorities established to support the STEP objectives referred to in Article 2 of Regulation .../... [STEP Regulation] may be increased up to 100 %.’

Removed:Regulation (EU) 2021/1057

Removed:(4) In the Annex I, Table 1, the following rows are added:

Removed:(4) In the Annex I, Table 1, the following rows are added:

Removed:Regulation (EU) 2021/1060

Removed:(5) In Annex I, Table 6, the following row is added:

Removed:(5) In Annex I, Table 6, the following row is added:

Removed:Regulation (EU) No 1303/2013

Removed:Article 14 – paragraph 1 – point -1a (new), Article 2 – point 29: (-1a) In Article 2, point (29) is replaced by the following: / ‘(29) 'accounting year', means, for the purposes of Part Three and Part Four, the period from 1 July to 30 June, except for the first accounting year of the programming period, in respect of which it means the period from the start date for eligibility of expenditure until 30 June 2015. The final accounting year shall be from 1 July 2024 to 30 June 2025;’

Removed:Regulation (EU) No 1303/2013

Removed:Article 14 – paragraph 1 – point -1b (new), Article 24 – paragraph 1a(new): (-1b) In Article 24 the following paragraph is inserted: / ‘1a. By way of derogation from Article 60(1) and the first and fourth subparagraphs of Article 120(3), a co-financing rate of up to 100 % may be applied to expenditure declared in the final accounting year for one or more priority axes in a programme supported by the ERDF, the ESF or the Cohesion Fund. By way of derogation from Article 30(1) and (2) and Article 96(10), the application of the co-financing rate of up to 100 % shall not require a Commission decision approving a programme amendment. The Member State shall notify the revised financial tables to the Commission following approval by the monitoring committee. The co-financing rate of up to 100 % shall apply only if the financial tables are notified to the Commission before the submission of the final application for an interim payment for the final accounting year in accordance with Article 135(2).’

Removed:Regulation (EU) No 1303/2013

Removed:Article 14 – paragraph 1 – point -1c (new), Article 65 – paragraph 2: (-1c) In Article 65, paragraph 2 is replaced by the following: / '2. Expenditure shall be eligible for a contribution from the ESI Funds if it has been incurred by a beneficiary and paid between the date of submission of the programme to the Commission or from 1 January 2014, whichever is earlier, and 31 December 2024. In addition, expenditure shall only be eligible for a contribution from the EAFRD if the relevant aid is actually paid by the paying agency between 1 January 2014 and 31 December 2024.

Removed:Article 14 – paragraph 1 – point 1 – introductory part: (1) Article 135 is amended as follows: / (a) the following paragraph 6 is added:

Removed:Regulation (EU) No 1303/2013

Removed:Article 14 – paragraph 1 – point 1 - introductory part, Article 135 – paragraph 6: Amounts from resources other than REACT-EU reimbursed by the Commission as interim payments in 2025 shall not exceed 10 % of the total financial appropriations to the programme concerned by Fund, REACT-EU resources excluded. Amounts that would be due to be paid by the Commission in 2025 exceeding this percentage shall not be paid and shall be used exclusively for the clearing of pre-financing at closure.’

Removed:Regulation (EU) No 1303/2013

Removed:Article 14 – paragraph 1 – point b (new), Article 135 – paragraph 6 a (new): (b) The following paragraph 6a is added: / ‘6a. For the outermost regions as defined in Article 349 TFEU, by way of derogation from paragraph 2 the deadline for the submission of the final application for an interim payment for the final accounting year shall be 30 June 2025. The last application for interim payment submitted by 31 December 2025 shall be deemed to be the final application for an interim payment for the final accounting year. / Amounts from resources other than REACT-EU reimbursed by the Commission as interim payments in 2025 shall not exceed 15 % of the total financial appropriations to the programme concerned by Fund, REACT-EU resources excluded. Amounts that would be due to be paid by the Commission in 2025 exceeding this percentage shall not be paid and shall be used exclusively for the clearing of pre-financing at closure’

Removed:Regulation (EU) No 1303/2013

Removed:Article 14 – paragraph 1 – point 2, Article 138 – subparagraph 2: ‘By way of derogation from the deadline set out in the first subparagraph, Member States may submit the final implementation report for the operational programme according to Article 141 and the documents referred to under points (a), (b) and (c) for the final accounting year by 15 February 2026.’

Removed:Regulation (EU) No 223/2014

Removed:Article 14 – paragraph 1 – point 2 a (new), Article 141 – paragraph 1: (2a) In Article 141, paragraph 1 is replaced by the following: / ‘1. In addition to the documents referred to in Article 138, for the final accounting year from 1 July 2024 to 30 June 2025, Member States shall submit a final implementation report for the operational programme or the last annual implementation report for the operational programme supported by the EMFF.’

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 2 – point a, Article 4 – paragraph 1 – subparagraph 1: The EU guarantee for the purposes of the EU compartment referred to in Article 9(1), point (a), shall be EUR 36 652 310 073 in current prices. It shall be provisioned at the rate of 40 %. The amount referred to in Article 35(3), first subparagraph, point (a), shall be also taken into account for contributing to the provisioning resulting from that provisioning rate.;

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 2 – point a a (new), Article 4 – paragraph 1 – subparagraph 4: (aa) In paragraph 1, the following fourth subparagraph is inserted: / 'An additional amount of the EU guarantee may also be provided in the form of cash by Member States to the Member State compartment to support the objectives referred to in Article 2 of Regulation .../... [STEP Regulation] using the proceeds of loans granted to Member States pursuant to Article 33a of Regulation (EU) 2021/241 [RRF Regulation].’

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 2 – point b, Article 4 – paragraph 2 – subparagraph 2: An amount of EUR 21 827 310 073 in current prices of the amount referred to in the first subparagraph of paragraph 1 of this Article shall be allocated for the objectives referred to in Article 3(2).;

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 4 a (new), Article 9 – paragraph 1 – point b: (4a) In Article 9(1), point (b) is replaced by the following: / '(b) the Member State compartment shall address specific market failures or suboptimal investment situations in one or several regions or Member States to deliver the policy objectives of the contributing funds under shared management or of the additional amount provided by a Member State under the third subparagraph of Article 4(1), in particular to strengthen economic, social and territorial cohesion in the Union by addressing imbalances between its regions. The additional amount provided by a Member State in the form of cash under the fourth subparagraph of Article 4(1) shall be earmarked for projects contributing to the objectives referred to in Article 2 of Regulation .../... [STEP Regulation].

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 4 b (new), Article 10 – paragraph 3 – point h: (4b) In Article 10(3), a new point (h) is inserted: / '(h) any contribution in the form of cash to the Member State compartment made with the proceeds of Recovery and Resilience Facility loans pursuant to Article 33a of Regulation (EU) 2021/241 of the European Parliament and the Council1a; / 1a Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility (OJ L 57, 18.2.2021, p. 17).

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 5 a (new), Article 11 – paragraph 1 – point b – point viii: (5a) In Article 11(1), point (b), a new point is inserted: / '(viii) monitoring the implementation and the consistency with the national recovery and resilience plans of the STEP projects financed with the proceeds of RRF loans.'

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 6, Article 13 – paragraph 4: (6) Article 13 is amended as follows: / (a) paragraph 4 is replaced by the following: / ‘4. 75 % of the EU guarantee under the EU compartment as referred to in Article 4(1), first subparagraph, amounting to EUR 27 489 232 554, shall be granted to the EIB Group. The EIB Group shall provide an aggregate financial contribution amounting to at least EUR 6 872 308 138. That contribution shall be provided in a manner and form that facilitates the implementation of the InvestEU Fund and the achievement of the objectives set out in Article 15(2).’;

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 6 - point b (new), Article 13 – paragraph 5: (6b) paragraph 5 is replaced by the following: / '5. The remaining 25 % of the EU guarantee under the EU compartment shall be granted to other implementing partners, which shall also provide a financial contribution to be determined in the guarantee agreements. Where the Commission determines that national promotional banks or institutions do not make full use of the remaining 25 % of the EU guarantee under the EU compartment, the excess amount may exceptionally be granted to the EIB Group.’;

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 6 – point c (new), Article 13 – paragraph 5a (new): (c) the following paragraph is inserted: / ‘5a. Where applicable, the Commission shall justify its decision pursuant to paragraph 5 to grant the EIB Group more than 75% of the EU guarantee in the Annual Report to the European Parliament referred to in article 7 of Regulation.../... [STEP Regulation]. The European Commission shall also inform of any actions aiming to increase the absorption capacity of the other implementing partners.’;

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 6 – point d (new), Article 13 – paragraph 7 – subparagraph 2: (d) in paragraph 7, the second subparagraph is replaced by the following: / 'Contracts between the implementing partner and the final recipient or the financial intermediary or other entity referred to in point (a) of Article 16(1) under the EU guarantee referred to in the first subparagraph of Article 4(2) shall be signed at the latest two years after the approval of the relevant financing or investment operation by the implementing partner. In other cases, contracts between the implementing partner and the final recipient or the financial intermediary or other entity referred to in point (a) of Article 16(1) shall be signed by 31 December 2028. ’;

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 6 – point e (new), Article 13 – paragraph 6a (new): (e) the following paragraph is inserted: / ‘6a. The EIB Group shall aim to preserve a geographical balance, particularly with regard to cross-border projects.’

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 9, Article 25 – paragraph 2 - point (j): ‘(j) provide advisory support to equity fund managers and other relevant stakeholders active in the areas referred to in point (e) of Article 8(1), including, regarding the valuation of intangible assets.’

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 12, Annex I – point (e): (e) up to EUR 10 500 000 000 for objectives referred to in Article 3(2), point (e).

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 13, Annex II – point 16: (16) development or manufacturing of the technologies referred to in Article 2(1), point (a) of Regulation .../... [STEP Regulation], as well as the respective supply chain referred to in Article 2(2) of that Regulation.

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 14, Annex III – point 9 – point 7a.1: '7a.1 Investment mobilised by technology area: i) digital technologies and ii) net-zero technologies and iii) biotechnologies.’

Removed:Regulation (EU) 2021/523

Removed:Article 16 – paragraph 1 – point 14, Annex III – point 9 – 7a.2: '7a.2 Number of enterprises supported by technology area: i) digital technologies, ii) net-zero technologies and iii) biotechnologies.’

Removed:Regulation (EU) 2021/695