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

PART ONE FINANCIAL REGULATION

TITLE XIV EXTERNAL AUDIT AND DISCHARGE

CHAPTER 2 Discharge

Article 260Timetable of the discharge procedure

1.The European Parliament, upon a recommendation from the Council acting by qualified majority, shall, before 15 May of year n+2, give a discharge to the Commission in respect of the implementation of the budget for year n.

2.Where the deadline provided for in paragraph 1 cannot be complied with, the European Parliament or the Council shall inform the Commission of the reasons therefor.

3.If the European Parliament postpones the decision giving a discharge, the Commission shall make every effort to take measures, as soon as possible, to remove or facilitate removal of the obstacles to that decision.