This Regulation establishes a European fund for strategic investments (EFSI), an EU guarantee and an EU guarantee fund. In addition, this Regulation establishes a European investment advisory hub (EIAH) and a European investment project portal (EIPP).
Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments
Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments
CHAPTER I INTRODUCTORY PROVISIONS
Article 1 Subject matter
For the purposes of paragraph 1, this Regulation provides for the Commission to conclude an agreement with the European Investment Bank (EIB) on the EFSI and an agreement with the EIB on the implementation of the EIAH.
Article 2 Definitions
For the purposes of this Regulation, the following definitions apply:
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‘EFSI Agreement’ means the legal instrument whereby the Commission and the EIB specify the conditions laid down in this Regulation for the management of the EFSI;
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‘EIAH Agreement’ means the legal instrument whereby the Commission and the EIB specify the conditions laid down in this Regulation for the implementation of the EIAH;
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‘national promotional banks or institutions’ means legal entities carrying out financial activities on a professional basis which are given a mandate by a Member State or a Member State's entity at central, regional or local level, to carry out development or promotional activities;
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‘investment platforms’ means special purpose vehicles, managed accounts, contract-based co-financing or risk-sharing arrangements or arrangements established by any other means by which entities channel a financial contribution in order to finance a number of investment projects, and which may include:
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national or sub-national platforms that group together several investment projects on the territory of a given Member State;
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cross-border, multi-country, regional or macro-regional platforms that group together partners from several Member States, regions or third countries interested in projects in a given geographic area;
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thematic platforms that group together investment projects in a given sector;
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‘small and medium-sized enterprises’ or ‘SMEs’ means micro, small and medium-sized enterprises as defined in Article 2 of the Annex to Commission Recommendation 2003/361/EC(1);
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‘small mid-cap companies’ means entities having up to 499 employees that are not SMEs;
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‘mid-cap companies’ means entities having up to 3 000 employees that are not SMEs or small mid-cap companies;
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‘additionality’ means additionality as defined in Article 5(1).
CHAPTER II EUROPEAN FUND FOR STRATEGIC INVESTMENTS
Article 3 Purpose
The purpose of the EFSI shall be to support, in the Union, through the supply of risk-bearing capacity to the EIB, the following:
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investments;
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increased access to financing for entities having up to 3 000 employees, with a particular focus on SMEs and small mid-cap companies.