AGREEMENT

under 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

THE EUROPEAN PARLIAMENT AND THE EUROPEAN INVESTMENT BANK (the ‘Parties’),

— having regard to the Treaty on European Union, in particular Article 14 thereof,

— having regard to the Treaty on the Functioning of the European Union, and in particular Articles 15, 16, 232, 308, 309 and 339 thereof,

— having regard to the Statute of the European Investment Bank (EIB), and in particular Article 11(7) and Articles 16 and 18 thereof,

— having regard to 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(1) (the ‘EFSI Regulation’), and in particular Article 17(5) thereof,

— having regard to Regulation (EC) No 45/2001 of the European Parliament and of the Council of 18 December 2000 on the protection of individuals with regard to the processing of personal data by the Community institutions and bodies and on the free movement of such data(2),

— having regard to Regulation (EC) No 1049/2001 of the European Parliament and of the Council of 30 May 2001 regarding public access to European Parliament, Council and Commission documents(3),

whereas the EFSI Regulation establishes the European Fund for Strategic Investments (EFSI), an EU guarantee, an EU guarantee fund, a European investment advisory hub (EIAH) and a European investment project portal;

whereas the purpose of the EFSI is to support, in the Union, through the supply of risk-bearing capacity to the EIB, the following:

(a) investments;

(b) increased access to financing for companies as well as other entities having up to 3 000 employees, with a particular focus on small and medium-sized enterprises (‘SMEs’) and small mid-cap companies;

whereas the EFSI Regulation provides that the EFSI should be established as a distinct, clearly identifiable and transparent facility managed by the EIB, the operations of which should be clearly distinguished from other operations of the EIB;

whereas in order to ensure accountability to European citizens, the EIB should regularly report to the European Parliament and to the Council on the progress, impact and operations of the EFSI, in particular as regards the additionality of operations conducted under the EFSI compared to normal EIB operations, including special activities, and appropriate arrangements should be adopted for this purpose;

whereas, in accordance with Article 17(5) of the EFSI Regulation, the European Parliament and the EIB are to conclude an agreement on the detailed arrangements for the exchange of information between the European Parliament and the EIB under the EFSI Regulation, including on the selection procedure for the EFSI Managing Director and the EFSI Deputy Managing Director;

whereas Article 7(6) of the EFSI Regulation provides that, following an open and transparent selection process in line with EIB procedures, the Steering Board is to select a candidate for each of the positions of Managing Director and Deputy Managing Director, and requires that the European Parliament and the Council be kept duly informed in a timely manner at all the stages of the selection procedure, subject to strict confidentiality requirements. Following a hearing with the candidate selected for each position and the approval from the European Parliament, the Managing Director and Deputy Managing Director are to be appointed by the President of the EIB for a fixed term of three years, renewable once;