(6)The current investment guidelines require that in order to be eligible, an entity controlled by a third country or third country entities shall demonstrate that the Member State in which it is established has approved a guarantee in accordance with the principles concerning eligible entities set out in Regulation (EU) 2021/697 of the European Parliament and of the Councilnote establishing the European Defence Fund. That provision is not tailored to the specificities of InvestEU and constrains the deployment of the funding. Guarantees approved by a Member State under a defence programme having received the financial contribution of the Union appear to be sufficient to protect the security of the Union and its Member States in the context of the InvestEU Fund. Only entities which are not able to fulfil this criteria should be required to submit a guarantee specifically in the context of the InvestEU operation. This amendment aims at clarifying the implementation of the InvestEU fund in support of entities established in the Union and controlled by non-EU entities. Such guarantees may, as the case may be, rely on mitigation measures imposed by, or to the benefit of, the Member State screening the acquisition of control of such legal entities by another third country or by another third country entity, within the meaning of Regulation (EU) 2019/452 of the European Parliament and of the Councilnote.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.