What changed between the adopted text of 12 Mar 2024 and the adopted text of 7 Oct 2025

Removed:(b) to ensure consistent reporting and disclosure requirements across sector-specific, as well as cross-sector, legislation;

Removed:(c) to ensure proportionality in reporting and disclosure requirements with respect to the nature, size and complexity of the reporting entity;

Removed:(d) to ensure that complying with reporting and disclosure requirements are commensurate with the added value to fulfilling the tasks and objectives of the Authority.

Removed:For the purposes of opinions on legislative acts in force referred to in the first subparagraph, the Authority shall take due account of input from all relevant stakeholders through a dedicated consultation. On the basis of those opinions, the Commission shall, where appropriate, submit to the European Parliament and to the Council a legislative proposal.’.

Removed:Article 5

Removed:Amendments to Regulation (EU) 2021/523

Removed:Regulation (EU) No 2021/523 is amended as follows:

Removed:-1. In Article 8(6), the introductory part is replaced by the following:

Removed:‘The Commission shall develop sustainability guidance that, in accordance with Union environmental and social objectives and standards and, taking appropriate account of the ‘do no significant harm’ principle as well as differences in the types of infrastructure projects, allows for:’;

Removed:-1a. In Article 13(7), subparagraph 2 is replaced by the following:

Removed:‘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 by 31 August 2026. 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:-1b. In Article 17(2), point h is replaced by the following:

Removed:‘(h) financial and operational reporting and monitoring of the financing and investment operations under the EU guarantee, ensuring proportionality in reporting and monitoring requirements as well as minimising costs for all stakeholders and final beneficiaries, without undermining the respective InvestEU objectives.’;

Removed:1. In Article 28, paragraph 4 is replaced by the following:

Removed:‘4. Once a year, each implementing partner shall submit a report to the Commission on the financing and investment operations covered by this Regulation, broken down by EU compartment and Member State compartment, as appropriate. Each implementing partner shall also submit information on the Member State compartment to the Member State whose compartment it implements. The report shall include an assessment of compliance with the requirements on the use of the EU guarantee and with the key performance indicators laid down in Annex III to this Regulation. The report shall also include operational, statistical, financial and accounting data on each financing or investment operation and an estimation of expected cash flows, at the level of compartment, policy window and the InvestEU Fund. The report from the EIB Group and, where appropriate, from other implementing partners, shall also include information on barriers to investment encountered when carrying out financing and investment operations covered by this Regulation. The reports shall contain the information the implementing partners have to provide under point (a) of Article 155(1) of the Financial Regulation.’.

Removed:Article 5a

Removed:Alignment with Council Regulation (EU) No 1024/2013

Removed:By ... [three months from the date of entry into force of this amending Regulation], the Commission shall, where appropriate, submit to the Council a legislative proposal to align the amendments to Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010, (EU) No 806/2014 and (EU) …/... in this Regulation, with Council Regulation (EU) No 1024/2013.

Removed:Article 6

Removed:Entry into force

Removed:This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Removed:This Regulation shall be binding in its entirety and directly applicable in all Member States.

Removed:Done at …,

Removed:For the European Parliament For the Council

Removed:The President The President