INHALT

Commission Delegated Regulation (EU) 2021/1078 of 14 April 2021 supplementing Regulation (EU) 2021/523 of the European Parliament and of the Council by setting out the investment guidelines for the InvestEU Fund

COMMISSION DELEGATED REGULATION (EU) 2021/1078
of 14 April 2021
supplementing Regulation (EU) 2021/523 of the European Parliament and of the Council by setting out the investment guidelines for the InvestEU Fund
Article 1
Article 2
ANNEX
INVESTMENT GUIDELINES FOR THE INVESTEU FUND
1. SCOPE
2. HORIZONTAL PROVISIONS
2.1.
Contribution to Union policy objectives and Union added value
2.2.
Market failures, suboptimal investment situations and additionality
2.3.
Common requirements for the financing and investment operations
2.3.1.
Implementing partners, financial intermediaries and final recipients
2.3.2.
Types of financial product and requirements for ensuring common interest with implementing partners and financial intermediaries
2.3.2.1.
Prioritisation of policy objectives
2.3.2.2.
Financial products
2.3.3.
Excluded activities
2.3.4.
State aid considerations
2.4.
Risk assessment
2.5.
Currency of financing
2.6.
Allocation principles per policy window
2.7.
Geographical and sectoral diversification
2.8.
Member State compartments in policy windows
2.9.
Blending operations receiving support from the InvestEU Fund
2.10.
Strategic investments
3. PROMOTING SUSTAINABLE INVESTMENTS
3.1.
Climate and environment tracking and reporting
3.2.
Sustainability proofing
3.3.
Just Transition Scheme under InvestEU
4. USE OF THE EU GUARANTEE
4.1.
General financial products
4.1.1.
Use of the EU guarantee for debt-type operations
4.1.1.1.
Coverage of individual operations
4.1.1.2.
Coverage of portfolios of operations other than those referred to in Section 4.1.1.3
4.1.1.3.
Coverage of portfolios of capped and uncapped guarantees
4.1.2.
Use of the EU guarantee for equity-type operations
4.2.
Thematic financial products
4.2.1.
Use of the EU guarantee for debt-type operations
4.2.2.
Use of the EU guarantee for equity-type operations
5. FINANCING PROVIDED BY THE IMPLEMENTING PARTNER
5.1.
General financial products
5.1.1.
Debt financing provided by the implementing partner
5.1.1.1.
General debt financing
5.1.1.2.
Capped and uncapped guarantees
5.1.2.
Equity financing provided by the implementing partner
5.2.
Thematic financial products
5.2.1.
Debt financing provided by the implementing partner
5.2.2.
Equity financing provided by the implementing partner
6. POLICY WINDOWS
6.1.
Sustainable Infrastructure window
6.1.1.
Policy areas of intervention
6.1.1.1.
Development of the energy sector
6.1.1.2.
Development of sustainable transport infrastructures, equipment and innovative technologies
6.1.1.3.
Environment and resources
6.1.1.4.
Development of sustainable and secure digital connectivity infrastructure
6.1.1.5.
Development of sustainable space infrastructure
6.1.1.6.
Development of sustainable tourism infrastructure
6.1.1.7.
Offshore development for decarbonisation
6.1.1.8.
Strategic investment in critical infrastructure
6.1.2.
Features of potential financial products
6.1.2.1.
Financial intermediaries to be involved
(a)
for debt financing:
(b)
for equity financing:
6.1.2.2.
Final recipients targeted
6.1.2.3.
General financial products
6.1.2.4.
Thematic financial products
6.2.
Research, Innovation and Digitisation window
6.2.1.
Policy areas of intervention
6.2.1.1.
Strategic investments under the RID window
6.2.2.
Features of potential financial products
6.2.2.1.
Financial intermediaries to be involved
(a)
for debt financing:
(b)
for equity financing:
6.2.2.2.
Final recipients targeted
6.2.2.3.
General financial products
(a)
for debt financing provided by the implementing partner
(b)
for equity financing provided by the implementing partner
6.2.2.4.
Thematic financial products
6.3.
SME window
6.3.1.
Policy areas of intervention
6.3.2.
Features of potential financial products
6.3.2.1.
Financial intermediaries to be involved
(a)
for debt financing:
(b)
for equity financing:
6.3.2.2.
Final recipients targeted
(a)
for debt financing:
(b)
for equity financing:
6.3.2.3.
Features of financial products
(a)
for debt financing provided by the implementing partner
(b)
for equity financing provided by the implementing partner
6.4.
Social Investment and Skills window
6.4.1.
Policy areas of intervention
6.4.1.1.
Strategic investments under the Social Investment and Skills window
6.4.2.
Features of potential financial products
6.4.2.1.
Financial intermediaries to be involved
(a)
for debt financing:
(b)
for equity financing:
6.4.2.2.
Final recipients targeted
6.4.2.3.
General financial products
(a)
for debt financing provided by the implementing partner
(b)
for equity financing provided by the implementing partner
6.4.2.4.
Thematic financial products