Introductory text

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 177 thereof,

Having regard to the proposal from the European Commission,

After transmission of the draft legislative act to the national parliaments,

Having regard to the opinion of the European Economic and Social Committee^f1,

After consulting the Committee of the Regions,

Acting in accordance with the ordinary legislative procedure^f2,

Whereas:

Regulation (EU) No 1303/2013 of the European Parliament and of the Council^f3 lays down the common and general rules applicable to the European Structural and Investment Funds.

The general budget of the European Union for the financial year 2020^f4 amended the total amount of resources for the Youth Employment Initiative (‘YEI’) by increasing commitment appropriations for the specific allocation for the YEI in 2020 by EUR 28 333 334 in current prices and increasing the total amount of commitment appropriations for the specific allocation for the YEI for the entire programming period to EUR 4 556 215 406 in current prices.

For 2020, the additional resources of EUR 23,7 million in 2011 prices are funded by the Global Margin for Commitments within the margin of the multiannual financial framework for the years 2014–2020.

In view of the urgency to amend the programmes which support the YEI in order to include the additional resources for the specific allocation for the YEI before the end of 2020, it was considered to be appropriate to provide for an exception to the eight-week period referred to in Article 4 of Protocol No 1 on the role of national Parliaments in the European Union, annexed to the Treaty on European Union, to the Treaty on the Functioning of the European Union and to the Treaty establishing the European Atomic Energy Community.

Regulation (EU) No 1303/2013 should therefore be amended accordingly.

This Regulation should enter into force as a matter of urgency on the day following that of its publication in the Official Journal of the European Union,

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