PART ONE COMMON PROVISIONS

TITLE VI GRANTS

CHAPTER 3 Award procedure

Article 200Financial and administrative penalties(Article 131 of the Financial Regulation)

Financial or administrative penalties, or both, may be imposed on applicants who have made false declarations or substantial errors, or committed irregularities or fraud, in accordance with the conditions laid down in Article 145.

Such financial or administrative penalties, or both, may also be imposed on beneficiaries who have been found in serious breach of their contractual obligations.