Considerations on COM(2014)9 - Amendment of Council Regulation 215/2008 on the Financial Regulation applicable to the 10th European Development Fund for the implementation of the Bridging Facility

Please note

This page contains a limited version of this dossier in the EU Monitor.

 
dossier COM(2014)9 - Amendment of Council Regulation 215/2008 on the Financial Regulation applicable to the 10th European Development Fund for the ...
document COM(2014)9 EN
date May 26, 2014
 
table>(1)Council Decision No 2013/759/EU (3) established transitional European Development Fund (EDF) management measures (‘Bridging Facility’) to ensure the availability of funds for cooperation with African, Caribbean and Pacific (ACP) States and with Overseas Countries and Territories (OCTs), as well as for support expenditure, from 1 January 2014 until the entry into force of the 11th EDF Internal Agreement.
(2)It is necessary to modify Council Regulation (EC) No 215/2008 (4) as regards the operational and financial management by the Commission of the Bridging Facility in the transition period between the 10th EDF and the 11th EDF until the entry into force of the 11th EDF Internal Agreement and the 11th EDF Implementation Regulation.

(3)It is appropriate to modify in the same way the implementing rules for the operational and financial management of the Investment Facility implemented by the European Investment Bank (EIB) during this transitional period and until the entry into force of the 11th EDF Internal Agreement.

(4)Regulation (EC) No 215/2008 should therefore be amended accordingly,