{
  "url": "https://openlegislation.uk/eu-regulation-2015-1017/annex-I/division-2",
  "json_url": "https://openlegislation.uk/eu-regulation-2015-1017/annex-I/division-2.json",
  "legislation": "eur/2015/1017",
  "legislation_title": "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",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2015-1017",
  "path": "annex/I/division/2",
  "kind": "division",
  "number": "(2)",
  "heading": "Regulation (EU) No 1316/2013 is amended as follows:",
  "text": "(a) In Article 5, paragraph 1 is replaced by the following:\n‘1. The financial envelope for the implementation of the CEF for the period 2014 to 2020 is set at EUR 30 442 259 000 in current prices. That amount shall be distributed as follows:\n(a) transport sector: EUR 24 050 582 000, of which EUR 11 305 500 000 shall be transferred from the Cohesion Fund to be spent in line with this Regulation exclusively in Member States eligible for funding from the Cohesion Fund;\n(b) telecommunications sector: EUR 1 041 602 000;\n(c) energy sector: EUR 5 350 075 000.\nThese amounts are without prejudice to the application of the flexibility mechanism provided for under Council Regulation (EU, Euratom) No 1311/2013.’;\n(b) In Article 14, paragraph 2 is replaced by the following:\n‘2. The overall contribution from the Union budget to the financial instruments shall not exceed 8,4 % of the overall financial envelope of the CEF as referred to in Article 5(1).’;\n(c) In Article 21, paragraph 4 is replaced by the following:\n‘4. The Commission shall be empowered to adopt delegated acts in accordance with Article 26 to raise the ceiling set out in Article 14(2) up to 10 %, provided the following conditions are met:\n(i) the evaluation of the pilot phase of the Project Bond Initiative carried out in 2015 is positive; and\n(ii) the take-up of financial instruments exceeds 6,5 % in terms of project contractual commitments.’.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Council Regulation (EU, Euratom) No 1311/2013 of 2 December 2013 laying down the multiannual financial framework for the years 2014-20 (OJ L 347, 20.12.2013, p. 884).’;"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2015/1017/annex/I/division/2",
    "retrieved_at": "2026-11-01T14:46:37.078763+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}