EC Regulatory Guidance (Guidance Note on implementation options for financial instruments by or under the responsibility of the managing authority)

In the 2014-2020 legal framework, the managing authority of a financial instrument has the possibility to choose between several implementation options for financial instrument(s), as appropriate. The purpose of this guidance note is to explain the implementation options for the management of financial instruments under Article 38(1)(b) of the Common provisions regulation.

EC Regulatory Guidance (Guidance on State aid in European Structural and Investment (ESI) Funds financial instruments in the 2014-2020 programming period)

When Member States give aid through financial instruments (co-)financed by the European Structural and Investment Funds, compliance with State aid rules is necessary in order to encourage economic efficiency and prevent that public support unduly distorts competition.

A Staff Working Document has been published by the European Commission to facilitate the application of State aid rules in the field of financial instruments and to point to different possibilities of achieving State aid compliance.

New Guidance note about interest and other gains generated by European Structural & Investment Funds support paid to financial instrument (Article 43 Common provisions regulation)

A new European Commission Guidance note has been published to clarify how Member States should deal with interest or other gains generated from the investment of European Structural and Investment Funds (ESIF) contributions to financial instruments. In the context of ESIF, the term 'treasury management' is used in relation to Article 43 of the Common provisions regulation which provides for investing the ESIF contribution to a financial instrument following the principles of sound financial management, and regulates the use of interest and other gains generated thereto.

New guidelines on combining European Structural and Investment Funds with the European Fund for Strategic Investments

The Juncker Commission’s top priority is to get Europe growing again and to increase the number of jobs without creating new debt. The European Fund for Strategic Investments (EFSI) – the heart of the Investment Plan for Europe - and European Structural and Investment Funds (ESI Funds) both play a crucial role in creating jobs and growth. The Commission, in partnership with the European Investment Bank (EIB), has today published a new brochure that explains how to best combine EFSI and ESI Funds. This brochure is designed to help local authorities and project promoters make full use of the opportunities from these two instruments, which have been designed in a different but complementary way in terms of rationale, design, and legislative framework. They reinforce each other.