24.6.2010 Official Journal of the European Union L 158/1 | (Legislative acts) REGULATIONS REGULATION (EU) No 539/2010 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 June 2010 amending Council Regulation (EC) No 1083/2006 laying down general provisions on the European Regional Development Fund, the European Social Fund and the Cohesion Fund as regards simplification of certain requirements and as regards certain provisions relating to financial management THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE (3)  Given the differences between the European Regional EUROPEAN UNION, Development Fund and the Cohesion Fund and the objectives with regard to the definition of the environment, it is appropriate, for reasons of coherence Having regard to the Treaty on the Functioning of the European and consistency, to apply a single threshold for the Union, and in particular Article 177 thereof, purpose of the definition of a major project. Given the importance of the investments in the environment, including those under the threshold provided for in Having regard to the proposal from the European Commission, this Regulation, the Member States should ensure appro- priate monitoring of all such investments and inform the Commission in the annual implementation reports on Having regard to the opinion of the European Economic and operational programmes. Social Committee (1), After consulting the Committee of the Regions, (4) It is also necessary to allow a major project to be covered by more than one operational programme in order to enable the implementation of such a major project Acting in accordance with the ordinary legislative procedure (3), covering different regions and objectives. This is of particular relevance in the case of investments with national or Union importance. Whereas: 1) Thf} current financial and econpmic cris.is ha.s created (5) It is necessary to make available financial engineering major challenges  for the Union. WhllSt important instruments in the measures for energy efficiency and actions to counterbalance the negative effects of the renewable energy taking into account the importance crisis have already been taken, including amendments of the legislative framework, the impact of the financial crisis on the real economy, the labour market and the citizens is only now being widely felt. The pressure on national financial resources is increasing and further steps should be taken to alleviate that pressure through the maximum and optimal use of the Union funding. of those measures in the Union and national priorities. (6) In order to facilitate the adaptation of operational programmes to respond to the current financial and economic crisis, the Member States should provide an analysis justifying the revision of an operational 4 . . rogramme instead of an evaluation. (20 In order to facilitate the management of Union funding, prog to help accelerate the investments in the Member States and regions and to increase the impact of the funding on the economy it is necessary to simplify further the rules ) ) o o governing cohesion policy. (7)  In line with the principle of sound financial management and the applicable national rules, revenues generated by () 0J C 128, 18.5.2010, p. 95 operations should be taken into account when the public () Position of the Euro,pean Parliament of 5 May 2010 (not yet contribution is calculated. It is necessary to simplify the published in the Official Journal) and decision of the Council of monitoring of revenues in order to align it with the 3 June 2010. overall programming cycle.