Managing the assets of the ECSC in liquidation and of the Research Fund for Coal and Steel: multiannual financial guidelines
01020304
With the European Parliament.
Last active 07 Jul 2021
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What this bill does
In plain terms: what it changes and who it affects.
This proposal changes how former ECSC assets are invested and used to fund coal and steel research.
Who it affects
It affects coal and steel research projects, including projects on low-carbon steelmaking and the coal sector’s just transition. It also affects EU management of the Research Fund for Coal and Steel.
Core of the proposal
- Allows annual payments of up to EUR 111 million for coal and steel research until 2027.
- Permits selling part of the assets, alongside investment income, to finance those payments.
- Broadens eligible investments, including wider debt instruments, money market funds, equities, derivatives and hedged foreign-currency assets.
- Introduces environmental, social and governance screening for investment selection.
Key provisions
- Takes effect
- It enters into force twentieth day after Official Journal publication and applies from the linked Decision 2003/76/EC amendment or 1 January 2021, whichever is later.
- Transitional law
- Annual allocations and related asset withdrawals run until 2027, after which remaining assets are managed on a longer-term investment horizon.
Articles changed · 2 across 1 law
- Decision 2003/77/EC (32003D0077)
- art. 1a: inserts new Article 1a on annual payments and financing from revenue and asset sales
- art. Annex: replaces the Annex with new financial guidelines
Latest update
26 May 2026The most recent development in this bill's progress.
Moved to European Parliament
Documents
2 recentSourcesOEIL