Article 1 — Amendments to Regulation (EU) 2021/947

Regulation (EU) 2021/947 is amended as follows: (1) in Article 30, paragraph 4 is replaced by the following: 4. By way of derogation from Article 212(3) of Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council, repayments and revenues generated by a financial instrument established under this Regulation shall be assigned to the budget line of origin after deduction of management costs and fees. By way of derogation from Article 216(4), point (a), of Regulation (EU, Euratom) 2024/2509, any surplus of provisions for the EFSD guarantee under Regulation (EU) 2017/1601 reported in 2025, 2026 and 2027 in the working document attached to the draft budget in accordance with Article 41(5), point (h), of Regulation (EU, Euratom) 2024/2509 shall be used for the provisioning of the budgetary guarantee supported by EFSD+. The resources referred in the first and second subparagraphs of this paragraph shall constitute internal assigned revenue within the meaning of Article 21(5) of Regulation (EU, Euratom) 2024/2509. (2) in Article 31(8), the following subparagraph is added: By way of derogation from Article 214(6) of Regulation (EU, Euratom) 2024/2509, EFSD+ resources relating to the provisioning of the budgetary guarantee supported by EFSD+ and referred to in Article 214(4), first subparagraph, points (b) and (d), of Regulation (EU, Euratom) 2024/2509 shall be used to cover the payment of calls above EUR 10 million on the EFSD guarantee in 2025, 2026 and 2027. ; (3) in Article 36(1), the second subparagraph is replaced by the following: The EIB shall have the exclusivity for operations with sovereign counterparts and non-commercial sub-sovereign counterparts under the exclusive dedicated investment window. Under the exclusive dedicated investment window, the own resources contribution shall be understood as the assumption of residual risk and the EU guarantee shall cover 60 % of the aggregate amount disbursed and guaranteed under EIB financing operations, less amounts reimbursed, plus all related amounts. ; (4) in Article 38, paragraph 6 is deleted.