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Amendments To The Cabinet Of Ministers Of 26 October 2010 Regulations No. 997 "rules On Guarantees And Adequate Agricultural Merchant Service Cooperative Society For The Improvement Of Competitiveness"

Original Language Title: Grozījumi Ministru kabineta 2010. gada 26. oktobra noteikumos Nr. 997 "Noteikumi par garantijām komersantu un atbilstošu lauksaimniecības pakalpojumu kooperatīvo sabiedrību konkurētspējas uzlabošanai"

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Cabinet of Ministers Regulations No. 344 in 2016 (May 31. No 26 29) amendments to the Cabinet of Ministers on 26 October 2010, regulations no 997 "rules on guarantees the operator and relevant agricultural service cooperatives to improve the competitiveness of" made in accordance with the Cabinet of Ministers Act article 31 equipment, first paragraph, point 3, Development financial institutions act, article 12 quarter and the European Union's structural funds and the cohesion fund the 2014 – 2020 programming period management law in article 20, paragraph 1 14. make Cabinet 26 October 2010 regulations No. 997 "Rules on guarantees of economic operators and According to the agricultural service cooperatives to improve competitiveness "(Latvian journal 177. nr., 2010; 13, 102, no. 252; by 2014, 146.184., no; 109. nr. 2015, 2016, no 2;) the following amendments: 1. express an indication on what basis the provisions of the law, issued by the following:" Issued under the Cabinet of Ministers Act article 31 equipment, first paragraph, point 3, Development financial institutions act, article 12 quarter and the European Union's structural funds and the cohesion fund the 2014 – 2020 programming period management law article 20 paragraph 14 "; 1.2. to make paragraph 1 by the following: "1. the provisions laid down the conditions for granting guarantees economic competitiveness of the analyst and multi-family residential home energy efficiency measures for the implementation of the programme of action of the" growth and jobs "4.2.1. specific aid objectives" to promote energy efficiency in public and residential buildings ' event "boost 4.2.1.1. energy efficiency of residential buildings '."; 1.3. to supplement the rules with 1.1, 1.2 and 1.3 of paragraph by the following: "1.1 the guarantee funded action programme" growth and employment "3.1.1. specific aid target" to promote the establishment and development of SMES, particularly in the manufacturing sector and priority sectors RIS3 "measure" 3.1.1.1. Loan guarantees "(hereinafter 3.1.1.1). Guarantees available for the European Regional Development Fund funding is 15 000 000 euro. 1.2 these regulations and in paragraph 6.12.9.2 and guarantees referred to in paragraph 21 is used for financing operational programme "entrepreneurship and innovation" 2.2.1.4.1. apakšaktivitāt "support in the form of loans for improving the competitiveness of economic operators" within the pay off public funding of eur 10 000 000. The rules referred to in point 3.2 economic operators guarantee financing Development financial institutions used the available national public funding in the amount of eur 3 000 000. 1.3 these rules guarantee referred to in point 3.2 financing used operational programme "growth and employment" 4.2.1. specific aid objectives "to promote energy efficiency in public and residential buildings ' event" boost 4.2.1.1. energy efficiency of residential buildings "(4.2.1.1) public funding."; 1.4. Express 3.2. subparagraph by the following: "3.2. apartment owners who in the name of the person authorized by the regulatory measures 4.2.1.1 legislation within the meaning of the contract of guarantee. This guarantees the recipient referred to in those provisions shall apply to paragraph 9.1 and 10.1, 10.2, 13.1 and the conditions referred to in paragraph 14.4. "; 1.5. to replace paragraph 3.3, the words "not later than" with the words "not less than"; 1.6. make paragraph 5 by the following: "5. the guarantee procedure, compensation and loss reduction measures shall be determined in accordance with the civil contracts between financial institutions and the development of the credit institution, its affiliates or its subsidiaries, registered in Latvia and is entitled to provide financial services in Latvia."; 1.7. delete paragraph 6.7., the words and figures "unless a guarantee is granted" operational programme infrastructure and services "3.4.4.1. activities Appendix" apartment house siltumnoturīb improvement measures "for the implementation of the project or"; 1.8. make 6.12. subparagraph by the following: "6.12. advance payment guarantees receipt of funds of the European Union (European regional development fund, the European agricultural fund for rural development, etc.) or other public support instrument for the implementation of the project, if this guarantee is issued from the structural funds of the European Union; "; 1.9. to supplement the rules with 6.13 6.14 6.15., and section as follows: "6.13. projects that is physically completed or fully implemented, unless otherwise extended Development financial institutions previously issued the guarantee period; 6.14. The European Parliament and of the Council of 17 December 2013 Regulation (EU) no 1301/2013 for the European regional development fund and the special rules for the purpose of "Investing for growth and employment" and repealing Regulation (EC) No 1080/2006 (Official Journal of the European Union, 20 December 2013, no L 347) article 3, paragraph 3, "a", "b" and "e" in subparagraph sectors and activities If the warranty is provided from the structural funds of the European Union; 6.15. not built or built on land acquisition, if the purchase is directed more than 10% of the amount of financial services, for which the guarantee is provided from the structural funds of the European Union. "; 1.10. delete paragraph 7.2 and 7.3; 1.11. Express 7.5. subparagraph by the following: "7.5. under the administration of the State revenue service tax (duty) the debtor of the information available in the database are tax or fee debt. This condition does not apply, if: 7.5.1. This provision is extended within the period of guarantee issued previously; 7.5.2. the economic operator has received the State revenue service issued related article. "; 1.12. the deletion of 7.1 and 7.2 below; 1.13. Express 8.2. and 8.3. subparagraph by the following: "8.2. loan for working capital financing, credit limit; 8.3. finance leasing, financial leasing limit; "; 1.14. Express 8.5. subparagraph by the following: "8.5. bank guarantees (tender, advance payment, performance or time of payment guarantees), bank letter of guarantee thresholds."; 1.15. the express section 9.1 the following: "9.1. This provision is extended, 8.4 and 8.5 8.2. financial services referred to in the contract, the warranty only to the part of that economic operator arises against the credit institution or its subsidiary of not earlier than the date of the guarantee or the Development financial institutions above a guaranteed financial service, the period of validity of the contract;" 1.16. the deletion of the introductory part of point 9.2 of the numbers ' 7.2., 7.3. "; 1.17. the deletion of section 9.2.3; 1.18. Express 10.1. subparagraph by the following: "10.1. the guarantee which is financed from the structural funds of the European Union, the rules referred to in point 8 of the services can be provided, if the financial service is used in the European Parliament and of the Council of 17 December 2013 Regulation (EU) No 1303/2013 laying down common provisions on the European regional development fund, the European Social Fund, the Cohesion Fund, the European agricultural fund for rural development and the European Fund for Maritime Affairs and fisheries and general provisions on the European regional development fund , The European Social Fund, the Cohesion Fund and the European Fund for Maritime Affairs and fisheries, and repealing Council Regulation (EC) No 1083/2006 (hereinafter referred to as Commission Regulation (EC) No 1303/2013) (Official Journal of the European Union, 20 December 2013, no L 347), article 37, paragraph 4 of the set objectives and development financial institutions of this economic activity is found to be economically viable, unless otherwise extended Development financial institutions previously issued warranties; "; 1.19. Express 10.3. subparagraph by the following: "10.3. one little (micro), small and medium business operators and associated group of persons guaranteed amount does not exceed 1 500 000 euro (or 750 000 euro, if the economic operator active in the road transport sector) and guarantees the original term not exceeding 10 years, if it is an extended Development financial institutions previously issued, the period of the guarantee – the guarantee of total shall not exceed 15 years;" 1.20. Express 10.1 and 10.2 point as follows: "10.1 development financial institutions, issuing guarantees, granted State aid to an apartment Uptown apartment owners, if they are agents of economic activity 4.2.1.1. regulatory measures within the meaning of the Regulations Act and the economic activity carried out property 4.2.1.1 measure implemented energy efficiency measures. The guarantee referred to in this paragraph shall apply to the beneficiaries of these provisions 6.1., 7.1 and 7.5, 14, 15, 16, 17, 18, 20, 21, 21.1, 22, 24, 25 and 31 points in those conditions. In other cases the development financial institutions, issuing guarantees, does not grant State aid to an apartment Uptown apartment owners. 10.2 warranty 4.2.1.1. measure may receive energy efficiency measures for implementation, subject to the the following conditions: 1. the guarantee covers 10.2 up to 80% of the investment loan, and the amount of the guaranteed one building energy efficiency measures shall not exceed eur 3 000 000; 10.2. guarantee period shall not exceed 2 in 20 years; 10.2 3. development financial institution credit institution or with alternative investment fund has concluded the provision referred to in paragraph 5 civil contract; 10.2 4. authorised person with a credit institution or an alternative investment fund has submitted a development application to the guarantee of financial institutions; 10.2 5. a credit institution or an alternative investment fund has stated that it issued investment loan repayment period is shorter than 10 years and is at least 10 years fixed interest rate loans or loan interest rates unchanged, if the interest rate of the loan consists of fixed and variable (Libor, Euribor or others); 10.2 6. receipt of Development financial institutions positive opinion on energy efficiency measures in the technical documentation; 10.2 7. implementing energy efficiency measures is economically justified energy efficiency measures – internal return rate 20 year period is greater than 0; 10.2 8. multi-family residential home debt amount for services received (management, waste management, water supply, heating and sewerage services) associated with the use of the property, the apartment is less than 10% of the invoice amount for this service in the past year. "; 1.21. make 11 as follows: "11. Guarantee premium development financial institution shall be calculated by applying the annual bonus rates according to the economic operator's credit quality and the level of the security determined in accordance with the development financial institutions credit quality rating system. The applicable warranty annual premiums rates are published in financial institutions Development tīmekļvietn. "; 1.22. the deletion of paragraph 11.1; 1.23.13.1 and 13.2 points to express the following: "13.1 warranty annual premiums rate 4.2.1.1 measure energy efficiency measures is 0.65%. 13.2 these regulations 9.2. the guarantees mentioned in small (micro), small and medium-sized business operators, which guarantees credit quality is lower than that referred to in the annex to the rules of credit quality class ' solvency would reduce adverse conditions ", guarantees annual premiums rate is 1.4%, if coverage is high, 1.9% If the security level is normal, or 2.4%, if the security level is low." 1.24. the deletion of paragraph 16, the words and figures "and the Commission on 15 December 2006, Regulation (EC) No 1998/2006 on 87 and 88 of the Treaty. application of article for de minimis aid (Official Journal of the European Union, of 28 December, no L 379) (hereinafter referred to as Commission Regulation No 1998/2006)"; 1.25. the deletion of paragraph 18, the words and figures "Commission Regulation No 1998/2006 and"; 1.26. the express point 20 as follows: "this provision within the 20 aid received for the same eligible costs should not be combined with other de minimis aid, excluding regulatory measures 4.2.1.1 laws in certain cases and under those rules the State aid received for the same eligible costs should not be combined with other financial institutions for the development of activities implemented in the framework of the aid received."; 1.27. Express 23.1 points as follows: "under these regulations 23.1 the European Union structural funds may not be granted if the beneficiary has received or anticipates receiving funding for the same eligible costs of other activities in the framework of the financial instrument of Norway to the European economic area or European Union funds under paragraph 21 of these rules."; 1.28. the express 24 as follows: "24. development financial institution provides this support under the provisions of the records, including information showing that under these provisions have not received economic actors that meet these rules referred to in paragraph 7. Records referred to a development financial institution for 10 years from the date on which a development financial institution has granted the last support, and, on request, shall submit to the European Commission. "; 1.29. replace paragraph 27 in the numbers and the words "31 May 2016" with numbers and words "2020 December 31"; 1.30. Express 28 the following: "28. Guarantees issued until January 1, 2011, the conditions for the granting of aid for the industry and activity limitations, eligible financial services and the amount of the guarantee shall be applied in accordance with the Cabinet of Ministers of 24 March 2009. Regulations No 269" Rules on guarantees the operator and relevant agricultural service cooperatives more competitive. " Guarantees issued multi-family residential home apartment owner with the togetherness of the authorised person, which ensure the implementation of the project "of the operational programme infrastructure and services" 3.4.4.1. activities Appendix "apartment house siltumnoturīb improvement measures", subject to the conditions that were in effect until 2016 7. June. "; 1.31. supplement with 28.1 and 28.2 of the paragraph by the following: "the development financial institutions 28.1 3.1.1.1. event expected losses, determined in accordance with the development financial institutions act, article 12, third part is financed from the European regional development fund, but expected losses on guarantees issued in accordance with the provisions of paragraph 3.2, 6.12., and section 9.2 and 21, are financed from development financial institutions in these rules referred to in point 1.2 in the public funding available. 28.2 financial institution development 3.1.1.1. event management expenses is available on the European regional development fund, up to the European Commission on March 3, 2014. the delegated Regulation (EU) no 480/2014, supplementing the European Parliament and Council Regulation (EU) No 1303/2013 laying down common provisions on the European regional development fund, the European Social Fund, the Cohesion Fund, the European agricultural fund for rural development and the European Fund for Maritime Affairs and fisheries and general provisions on the European regional development fund , The European Social Fund, the Cohesion Fund and the European Fund for Maritime Affairs and fisheries (hereinafter referred to as Commission Regulation No 480/2014), article 13, paragraph 2 and 3 limits, as well as the implementation of measures throughout 3.1.1.1 is available in these rules referred to in paragraph 1.1 public funds outstanding up to 8% of the loan guarantee fund invested capital. Management expenditure, which is calculated based on performance results, apply a 2% reduction if 2023 on December 31, the European regional development fund within the framework of these rules of acquisition is less than 80% and supported economic activity, the number of whom 3.1.1.1. measure is less than 114. Expenditure on the guarantees issued in accordance with the provisions of paragraph 3.2, 6.12., and section 9.2, and paragraph 21 of the , is financed from the provisions referred to in point 1.2 of the financing, up to Commission Regulation No 480/2014 article 13 paragraph 2 and 3 of the limits laid down in point 1.2 of these terms within the Fund created during the implementation of these provisions is available in 1.2 referred outstanding public funding to 6% of the fund capital employed. "; 1.32. express the attachment as follows: "Cabinet of Ministers on 26 October 2010, regulations no safe area the year 997 bonus rates no p. k. The quality of the credit rating agency Standard and Poor's "' rating" rating agency Fitch rating "rating agency" Moody's "ratings in the safe-harbour premium rate level normal high low 1. The highest quality AAA Aaa AAA 0.4% 0.4% 0.4% 2. Very high solvency AA + AA AA-AA AA AA-Aa Aa 1 + 2% 0.4% 0.4 0.4 Aa 3% 3. High solvency of A + A A-A A + A A-A A 1 A 2 A 3% 0.55 0.55 0.55% 4. Sufficient solvency BBB BBB BBB + – + BBB-1 2 Ba Ba Ba 0.8 0.8 0.8% 3%% 5. Solvency are sensitive react to disadvantage BB BB BB BB + Ba + 1 2 2% 2% 2% Ba BB-BB-B + B B + 3.8 3.8% Ba 3 1% 3.8% 6. Solvency could reduce the adverse conditions B B B B B – B – 6.3 6.3% 2 3% 6.3% 7. Solvency is dependent on favourable conditions of stability – CCC CCC CCC + CC + CCC-CC C Ca 1 Ca 2 Ca 3 – – – 8. Not being met or nearly does not comply with the obligation D DDD DD D SD Ca (C) – – – Note. * high level – losses in case of default is 30% or less. Ordinary level – losses in case of default is from 31% to 59%. Low level – losses in case of default is greater than 60%. Start-up of the economic operators a safe area annual premium rate of 3.8%, but not less than the safe area premium rate applicable to the parent company. " 2. the rules shall enter into force on 7 June 2016. Prime Minister Māris kučinskis Deputy Prime Minister, Minister of economy of Ašeraden of Arvil