ANNEX IVIMPLEMENTATION OF FINANCIAL INSTRUMENTS: FUNDING AGREEMENTS

F12.Strategy documents referred to under Article 38(8) for financial instruments implemented under point (d) of the first subparagraph of Article 38(4) shall include at least the following elements:

  1. (a)

    X1the investment strategy or policy of the financial instrument, general terms and conditions of envisaged loan or guarantees, target final recipients and actions to be supported;

  2. (b)

    a business plan or equivalent documents for the financial instrument to be implemented, including the expected leverage effect referred to in Article 37(2);

  3. (c)

    F1the use and re-use of resources attributable to the support of the ESI Funds in accordance with Articles 43, 44 and 45, and, where applicable, provisions regarding differentiated treatment as referred to in Article 43a;

  4. (d)

    monitoring and reporting of the implementation of the financial instrument to ensure compliance with Article 46.