17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa

3. The following financial instruments may be used:
(a) equity instruments, such as investment funds with a focus on providing risk capital for
actions contributing to projects of common interest;
(b) loans and/or guarantees facilitated by risk-sharing instruments, including enhancement
(c) [...].
mechanism to project bonds, issued by a financial institution from its own resources
with a Union contribution to the provisioning and/or capital allocation.
Article 15 53
Conditions for granting financial aid through financial instruments
1. Actions supported by means of financial instruments shall be selected on a basis of maturity
and shall seek sectoral diversification in accordance with Articles 3 and 4 as well as
geographical balance across the Member States.
2. The Union, any Member State and other investors may provide financial aid in addition to
contributions received by the use of financial instruments, provided that the Commission
agrees to any changes to eligibility criteria of actions and/or the investment strategy of the
instrument which may be necessary due to the additional contribution.
3. The financial instruments shall aim to preserve the value of assets provided by the Union
budget;
53 NL and UK would like to keep paragraphs 2b and 5a of this provision even if Article 131 of
the new FR includes a similar wording.
17107/12 FL/ne 42
ANNEX DG E 2 A E