xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

CHAPTER VIU.K. FINANCIAL PROVISIONS

Article 30U.K.Financial resources

1.The measures provided for in this Regulation shall constitute intervention intended to stabilise the agricultural markets within the meaning of Article 3(1)(b) of Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the common agricultural policy(1), with the exception of the measures provided for in:

(a)Article 22; and

(b)Article 24, from the date of application of the multiannual financial framework for the years 2014-2020.

2.In respect of each financial year, the Union shall finance the measures provided for in Chapters III and IV, up to an annual sum equivalent to:

— in the French overseas departments

:

EUR 278,41 million

— Azores and Madeira

:

EUR 106,21 million

— Canary Islands

:

EUR 268,42 million

3.The sums allocated for each financial year to finance the measures provided for in Chapter III may not exceed the following amounts:

— in the French overseas departments

:

EUR 26,9 million

— Azores and Madeira

:

EUR 21,2 million

— Canary Islands

:

EUR 72,7 million

The Commission shall adopt implementing acts establishing the requirements in accordance with which Member States may amend the allocation of resources allocated each year to the various products benefiting from the specific supply arrangements. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 34(2).

4.The Commission shall be empowered to adopt delegated acts, in accordance with Article 33, concerning the conditions for determining the annual maximum amount which may be allocated to measures for financing studies, demonstration projects, training and technical assistance, provided that such allocation is reasonable and proportionate.

5.For the financial year 2013, the Union shall grant an additional financing for the banana sector of the outermost regions up to the maximum amounts as follows:

— in the French overseas departments

:

EUR 18,52 million

— Azores and Madeira

:

EUR 1,24 million

— Canary Islands

:

EUR 20,24 million