Commission Delegated Regulation (EU) No 907/2014Show full title

Commission Delegated Regulation (EU) No 907/2014 of 11 March 2014 supplementing Regulation (EU) No 1306/2013 of the European Parliament and of the Council with regard to paying agencies and other bodies, financial management, clearance of accounts, securities and use of euro

Article 2U.K.Conditions for the accreditation of coordinating bodies

1.Where more than one paying agency is accredited, in accordance with Article 7(4) of Regulation (EU) No 1306/2013, the Member State concerned shall, by a formal act at ministerial level, decide on the accreditation of the coordinating body after it has satisfied itself that the administrative arrangements of that body offer sufficient assurance that it is capable of fulfilling the tasks referred to in that Article.

2.In order to be accredited, the coordinating body shall have procedures in place to ensure that:

(a)

declarations to the Commission are based on information from properly authorised sources;

(b)

declarations to the Commission are properly authorised before transmission;

(c)

a proper audit trail exists to support the information transmitted to the Commission;

(d)

a record of information received and transmitted is securely stored, either in paper or in computerised format.