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Commission Regulation (EC) No 718/2007Show full title
Commission Regulation (EC) No 718/2007 of 12 June 2007 implementing Council Regulation (EC) No 1085/2006 establishing an instrument for pre-accession assistance (IPA)
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- Revised 21/11/20150.83 MB
- Revised 26/05/20130.79 MB
- Revised 14/09/20120.79 MB
- Revised 14/12/20110.78 MB
- Revised 30/01/20100.38 MB
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Article 8U.K.Financing decisions and agreements
1.The Commission decisions adopting multi-annual or annual programmes shall meet the requirements necessary to constitute financing decisions in accordance with Article 75(2) of Regulation (EC, Euratom) No 1605/2002.
2.Where required by the financing decision, the Commission and the beneficiary country concerned shall conclude a financing agreement. Financing agreements may be concluded on an annual or multi-annual basis in accordance with Article 39.
3.Each programme forms an integral part of the financing agreement.
4.Financing agreements shall lay down:
(a)provisions by which the beneficiary country accepts the assistance of the Community and agrees to the rules and procedures concerning disbursement related to such assistance;
(b)the terms on which the assistance is managed, including the relevant methods and responsibilities for implementing the annual or multi-annual programme and/or operations;
[F1(c) provisions relating to the establishment and regular updating, by the beneficiary country, of a road map with indicative benchmarks and time limits to achieve decentralisation without ex ante controls by the Commission as referred to in Articles 14 and 18; these provisions are only required for those components or programmes where the Commission Decision of the conferral of management powers as referred to in Article 14 provides for ex ante controls to be performed by the Commission.]
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