# Official Journal C 514I/2021

| | ISSN 1977-091X |
| --- | --- |
| Official Journal
  of the European Union | C 514I |
| | |
| English edition | Information and Notices | Volume 6421 December 2021 |

ISSN 1977-091X

Official Journal

of the European Union

C 514I

English edition

Information and Notices

Volume 6421 December 2021

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| Contents | page |
| --- | --- |
| | II   Information |
| | JOINT DECLARATIONS |
| | Council |
| 2021/C 514 I/01 | Joint Declaration of the European Parliament, the Council of the European Union and the European Commission – EU Legislative Priorities for 2022 | 1 |
| | INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2021/C 514 I/02 | Non-opposition to a notified concentration (Case M.10465 – ADECCO / AKKA) (
  1
  ) | 5 |

Contents

page

II   Information

JOINT DECLARATIONS

Council

2021/C 514 I/01

Joint Declaration of the European Parliament, the Council of the European Union and the European Commission – EU Legislative Priorities for 2022

1

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2021/C 514 I/02

Non-opposition to a notified concentration (Case M.10465 – ADECCO / AKKA) (
  1
  )

1

5

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| | IV   Notices |
| --- | --- |
| | NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2021/C 514 I/03 | Commission Decision of 20 December 2021 on the financial management of the mutual insurance mechanism established under Regulation (EU) 2021/695 of the European Parliament and of the Council for actions under the Seventh Framework Programme, Horizon 2020, Horizon Europe and Euratom Programmes | 6 |

IV   Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2021/C 514 I/03

Commission Decision of 20 December 2021 on the financial management of the mutual insurance mechanism established under Regulation (EU) 2021/695 of the European Parliament and of the Council for actions under the Seventh Framework Programme, Horizon 2020, Horizon Europe and Euratom Programmes

6

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| | V   Announcements |
| --- | --- |
| | PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
| | European Commission |
| 2021/C 514 I/04 | Prior notification of a concentration (Case M.10411 – ABM / YKA / HEBEI MAURI) – Candidate case for simplified procedure (
  1
  ) | 19 |

V   Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

2021/C 514 I/04

Prior notification of a concentration (Case M.10411 – ABM / YKA / HEBEI MAURI) – Candidate case for simplified procedure (
  1
  )

1

19

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| | (1)   Text with EEA relevance. |

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(1)   Text with EEA relevance.

1

| EN | |
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EN

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II Information

JOINT DECLARATIONS

Council

| 21.12.2021 | EN | Official Journal of the European Union | CI 514/1 |
| --- | --- | --- | --- |

21.12.2021

EN

Official Journal of the European Union

CI 514/1

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Joint Declaration of the European Parliament, the Council of the European Union and the European Commission

EU Legislative Priorities for 2022

(2021/C 514 I/01)

Over the past 2 years, our Union has faced the far-reaching effects of the COVID-19 pandemic, coupled with ever more apparent disastrous consequences of climate change and disruptive world events. We have shown that by acting together, rapidly and decisively, we can overcome such defining challenges.

With the help of the 2021-2027 long-term EU budget, of NextGenerationEU, and the Recovery and Resilience Facility at its heart, Europe’s economy is forecast to rebound faster than initially expected. These historic instruments provide us with the unique chance to emerge stronger from the crisis caused by the pandemic, make our economies and societies fairer, greener, more digital, and create opportunities and jobs for a Europe our citizens want to live in.

That strategic vision for a reinvigorated and more resilient Union, enshrined in our three institutions’ first ever Joint Conclusions on policy objectives and priorities for 2020-2024 (1), will continue to guide us. Improving the EU’s resilience, including in health and cybersecurity, will be key to making this transformation a tangible reality. To better defend its interests and values and help shape the new global environment, we will need to strengthen Europe’s capacity to act autonomously and its global influence. For the sake of Europe’s future, we must protect and defend our fundamental values and the rule of law within our Union and its Member States.

The transformation of our continent can only happen with the consent of our citizens. We have provided avenues to make their voices heard through the Conference on the Future of Europe. We remain committed to follow up on the outcome of the Conference.

Delivery and implementation will become an even more important focus as we approach the mid-term of the institutional cycle. This will ultimately help translate our vision for Europe into benefits for citizens’ daily lives. This Joint Declaration for 2022, building on our commitments and achievements of 2021, is testimony to our shared resolve to deliver on the policy objectives and priorities of the Joint Conclusions.

With this Joint Declaration, we put the spotlight on core legislative proposals (2) to which the three institutions will dedicate their best efforts to ensure that as much progress as possible can be made before the end of 2022. This concerns both the initiatives that are currently in the hands of the co-legislators, and those that the European Commission will put forward by autumn of 2022.

The three institutions agree to give the utmost priority in 2022 to the following key policy objectives:

| 1. | To deliver on a socially just, inclusive and sustainable growth strategy, the European Green Deal, and its goal of climate neutrality by 2050, we will advance the proposals already presented, notably the ‘Fit for 55’ package. This will contribute to EU leadership in the global fight against climate change. We will also take action to address the biodiversity crisis, tackle water and air pollution and ensure a more sustainable use of pesticides. We will strengthen the right of consumers to repair products in order to move forward the transition towards a circular economy. We will work to make the EU energy market more resilient, more secure and cost-effective so that it supports the transition to climate neutrality, and we will tackle the impact of energy prices on citizens and businesses. |
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1.

To deliver on a socially just, inclusive and sustainable growth strategy, the European Green Deal, and its goal of climate neutrality by 2050, we will advance the proposals already presented, notably the ‘Fit for 55’ package. This will contribute to EU leadership in the global fight against climate change. We will also take action to address the biodiversity crisis, tackle water and air pollution and ensure a more sustainable use of pesticides. We will strengthen the right of consumers to repair products in order to move forward the transition towards a circular economy. We will work to make the EU energy market more resilient, more secure and cost-effective so that it supports the transition to climate neutrality, and we will tackle the impact of energy prices on citizens and businesses.

| 2. | To achieve a Europe fit for the digital age, we want to make this Europe’s digital decade and lead the way globally in developing trustworthy, secure and human-centric technology. We will prioritise the work on digital services and digital markets, as well as artificial intelligence, data, secure space-based communication. We will also work on improving cyber resilience. As a means of promoting a dynamic data economy, we will further strengthen Europe’s investment in innovative and technological capacity, including in the field of semiconductors. We will take the discussions forward on an emergency instrument to prevent future disruptions to the Union’s single market. We will also follow up on the Commission’s communication on industrial strategy, in particular by addressing dependencies in key strategic areas. |
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2.

To achieve a Europe fit for the digital age, we want to make this Europe’s digital decade and lead the way globally in developing trustworthy, secure and human-centric technology. We will prioritise the work on digital services and digital markets, as well as artificial intelligence, data, secure space-based communication. We will also work on improving cyber resilience. As a means of promoting a dynamic data economy, we will further strengthen Europe’s investment in innovative and technological capacity, including in the field of semiconductors. We will take the discussions forward on an emergency instrument to prevent future disruptions to the Union’s single market. We will also follow up on the Commission’s communication on industrial strategy, in particular by addressing dependencies in key strategic areas.

| 3. | To deliver an economy that works for people, we will join efforts to further support Member States in repairing the economic and social damage brought about by the pandemic and ensure that the poor and most vulnerable in our societies are not left behind. We will give priority to the concrete implementation of the European Pillar of Social Rights and the Porto Summit declaration, including rules to protect workers from risks related to exposure to hazardous substances, to improve the conditions for platform workers and to remove the gender pay gap. We will endeavour to improve opportunities for young people, including through the activities under the European Year of Youth. We will promote social inclusion and convergence, whilst fully respecting national competences and the variety of labour market models in the Union, notably by defending fair wages and decent jobs. We will work on strengthening our supply chains and promote a robust trade policy. We will promote a rules-based trade system which ensures a level playing field and fair trade practices, as well as new trade agreements. We will work to facilitate access to capital for small and medium-sized enterprises and strive to complete the banking union. Following the historic international agreement on global tax reform, we commit to ensuring its swift and harmonised implementation and to build on it so that our corporate tax systems work in a fair and sound way. We will also improve the regulatory framework on sustainable corporate governance and tackle money laundering, tax fraud, tax evasion and other forms of financial crime. |
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3.

To deliver an economy that works for people, we will join efforts to further support Member States in repairing the economic and social damage brought about by the pandemic and ensure that the poor and most vulnerable in our societies are not left behind. We will give priority to the concrete implementation of the European Pillar of Social Rights and the Porto Summit declaration, including rules to protect workers from risks related to exposure to hazardous substances, to improve the conditions for platform workers and to remove the gender pay gap. We will endeavour to improve opportunities for young people, including through the activities under the European Year of Youth. We will promote social inclusion and convergence, whilst fully respecting national competences and the variety of labour market models in the Union, notably by defending fair wages and decent jobs. We will work on strengthening our supply chains and promote a robust trade policy. We will promote a rules-based trade system which ensures a level playing field and fair trade practices, as well as new trade agreements. We will work to facilitate access to capital for small and medium-sized enterprises and strive to complete the banking union. Following the historic international agreement on global tax reform, we commit to ensuring its swift and harmonised implementation and to build on it so that our corporate tax systems work in a fair and sound way. We will also improve the regulatory framework on sustainable corporate governance and tackle money laundering, tax fraud, tax evasion and other forms of financial crime.

| 4. | For a stronger Europe in the world, we will continue to build strategic connectivity partnerships through the EU’s Global Gateway. In order to ensure the implementation of the Union’s security and defence agenda, we will endorse the Strategic Compass and look forward to the upcoming Defence package, including the roadmap on critical technologies for security and defence, and to enhance our Union’s protection against hybrid threats. We will work to deter extra-territorial third-country sanctions and better protect EU operators from these sanctions by reinforcing the blocking statute Regulation. |
| --- | --- |

4.

For a stronger Europe in the world, we will continue to build strategic connectivity partnerships through the EU’s Global Gateway. In order to ensure the implementation of the Union’s security and defence agenda, we will endorse the Strategic Compass and look forward to the upcoming Defence package, including the roadmap on critical technologies for security and defence, and to enhance our Union’s protection against hybrid threats. We will work to deter extra-territorial third-country sanctions and better protect EU operators from these sanctions by reinforcing the blocking statute Regulation.

| 5. | To promote our European way of life, we will continue the work on building a strong European Health Union to strengthen the EU’s preparedness and resilience in the face of future health crises. We remain committed to achieving progress on the new Pact on migration and asylum as a matter of urgency. We will work on reforming the Schengen area, including by drawing lessons from the COVID-19 pandemic and other recent crises, and fight against organised crime and terrorism. |
| --- | --- |

5.

To promote our European way of life, we will continue the work on building a strong European Health Union to strengthen the EU’s preparedness and resilience in the face of future health crises. We remain committed to achieving progress on the new Pact on migration and asylum as a matter of urgency. We will work on reforming the Schengen area, including by drawing lessons from the COVID-19 pandemic and other recent crises, and fight against organised crime and terrorism.

| 6. | To protect and strengthen our democracy across the Union and defend our common European values, using all instruments at our disposal, we will continue to defend and protect the rule of law, in accordance with the Treaties. The rule of law is a core value of the EU and indispensable for an effective functioning of our Union and its legal order. We will fight to safeguard media freedom and pluralism and the protection of journalists. We will work to improve equality, including by acting on the role and independence of equality bodies, and to tackle the continuing problem of violence against women. |
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6.

To protect and strengthen our democracy across the Union and defend our common European values, using all instruments at our disposal, we will continue to defend and protect the rule of law, in accordance with the Treaties. The rule of law is a core value of the EU and indispensable for an effective functioning of our Union and its legal order. We will fight to safeguard media freedom and pluralism and the protection of journalists. We will work to improve equality, including by acting on the role and independence of equality bodies, and to tackle the continuing problem of violence against women.

In addition, we recall our commitment:

| — | to work to eliminate all forms of discrimination and promote equal rights and opportunities for all, |
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to work to eliminate all forms of discrimination and promote equal rights and opportunities for all,

| — | to the continued implementation of national recovery and resilience plans, |
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to the continued implementation of national recovery and resilience plans,

| — | to the implementation of the binding roadmap towards the introduction of new own resources in due time, as agreed in the Interinstitutional Agreement, |
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to the implementation of the binding roadmap towards the introduction of new own resources in due time, as agreed in the Interinstitutional Agreement,

| — | to improve global access to COVID-19 vaccines, |
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to improve global access to COVID-19 vaccines,

| — | to strengthen the EU’s role as a global actor across all geographic areas, as well as bilateral and multilateral partnerships, |
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to strengthen the EU’s role as a global actor across all geographic areas, as well as bilateral and multilateral partnerships,

| — | to reinvigorate the accession process in the strategic interest of the Union, in accordance with the enhanced enlargement methodology. |
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to reinvigorate the accession process in the strategic interest of the Union, in accordance with the enhanced enlargement methodology.

The three institutions commit to work on these shared 2022 priorities guided by the principles of mutual trust, respect and a collaborative spirit. We will also ensure proper implementation and enforcement of existing legislation.

We will work with determination to deliver for our citizens a greener, fairer, stronger, more digital and more resilient Europe: a Union which does not leave anyone behind, and which stands up assertively for its core values both abroad and at home.

We, as Presidents of the European Parliament, the Council of the European Union and the European Commission, will closely monitor the timely and effective implementation of this Joint Declaration.

Съставено в Брюксел на шестнадесети декември две хиляди двадесет и първа година.

Hecho en Bruselas, el dieciseis de diciembre de dos mil veintiuno.

V Bruselu dne šestnáctého prosince dva tisíce dvacet jedna.

Udfærdiget i Bruxelles den sekstende december to tusind og enogtyve.

Geschehen zu Brüssel am sechzehnten Dezember zweitausendeinundzwanzig.

Kahe tuhande kahekümne esimese aasta detsembrikuu kuueteistkümnendal päeval Brüsselis.

Έγινε στις Βρυξέλλες, στις δέκα έξι Δεκεμβρίου δύο χιλιάδες είκοσι ένα.

Done at Brussels on the sixteenth day of December in the year two thousand and twenty one.

Fait à Bruxelles, le seize décembre deux mille vingt et un.

Arna dhéanamh sa Bhruiséil, an séú lá déag de mhí na Nollag sa bhliain dhá mhíle fiche agus a haon.

Sastavljeno u Bruxellesu šesnaestog prosinca godine dvije tisuće dvadeset prve.

Fatto a Bruxelles, addì sedici dicembre duemilaventuno.

Briselē, divi tūkstoši divdesmit pirmā gada sešpadsmitajā decembrī.

Priimta du tūkstančiai dvidešimt pirmų metų gruodžio šešioliktą dieną Briuselyje.

Kelt Brüsszelben, a kétezer-huszonegyedik év december havának tzenhatodik napján.

Magħmul fi Brussell, fis-sittax-il jum ta’ Diċembru fis-sena elfejn u wieħed u għoxrin.

Gedaan te Brussel, zestien december tweeduizend eenentwintig.

Sporządzono w Brukseli dnia szesnastego grudnia roku dwa tysiące dwudziestego pierwszego.

Feito em Bruxelas, em dezasseis de dezembro de dois mil e vinte e um.

Întocmit la Bruxelles la șaisprezece decembrie două mii douăzeci și unu.

V Bruseli šestnásteho decembra dvetisícdvadsaťjeden.

V Bruslju, šestnajstega decembra dva tisoč enaindvajset.

Tehty Brysselissä kuudentenatoista päivänä joulukuuta vuonna kaksituhattakaksikymmentäyksi.

Som skedde i Bryssel den sextonde december år tjugohundratjugoett.

Image 1

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(1)  OJ C 18 I, 18.1.2021, p. 5.

1

(2)  Under the Ordinary Legislative Procedure.

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INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 21.12.2021 | EN | Official Journal of the European Union | CI 514/5 |
| --- | --- | --- | --- |

21.12.2021

EN

Official Journal of the European Union

CI 514/5

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Non-opposition to a notified concentration

(Case M.10465 – ADECCO / AKKA)

(Text with EEA relevance)

(2021/C 514 I/02)

On 13 December 2021, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the ‘Competition policy’ website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

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in the merger section of the ‘Competition policy’ website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32021M10465. EUR-Lex is the online point of access to European Union law. |
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in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32021M10465. EUR-Lex is the online point of access to European Union law.

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(1)  OJ L 24, 29.1.2004, p. 1.

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IV Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 21.12.2021 | EN | Official Journal of the European Union | CI 514/6 |
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21.12.2021

EN

Official Journal of the European Union

CI 514/6

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COMMISSION DECISION

of 20 December 2021

on the financial management of the mutual insurance mechanism established under Regulation (EU) 2021/695 of the European Parliament and of the Council for actions under the Seventh Framework Programme, Horizon 2020, Horizon Europe and Euratom Programmes

(2021/C 514 I/03)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to the Treaty establishing the European Atomic Energy Community,

Having regard to Regulation (EU) 2021/695 of the European Parliament and of the Council of 28 April 2021 establishing Horizon Europe – the Framework Programme for Research and Innovation, laying down its rules for participation and dissemination, and repealing Regulations (EU) No 1290/2013 and (EU) No 1291/2013 (1), in particular Article 37(2) thereof,

Having regard to Council Regulation (Euratom) 2021/765 of 10 May 2021 establishing the Research and Training Programme of the European Atomic Energy Community for the period 2021-2025 complementing Horizon Europe – the Framework Programme for Research and Innovation and repealing Regulation (Euratom) 2018/1563 (2), in particular Article 9(5) thereof,

Whereas:

| (1) | A mutual insurance mechanism (the ‘MIM’) is to cover the risk associated with non-recovery of sums due by the beneficiaries under Decision No 1982/2006/EC of the European Parliament and of the Council (3) (the ‘Seventh Framework Programme’), Regulation (EU) No 1291/2013 of the European Parliament and of the Council (4) (the ‘Horizon 2020’), Regulation (EU) 2021/695 (the ‘Horizon Europe’), Council Decisions 2006/976/Euratom (5), 2012/93/Euratom (6) and Regulations (Euratom), 1314/2013 (7), 2018/1563 (8), 2021/765 (the ‘Euratom Programmes’). The Commission is to set up specific rules for the operation of the MIM. |
| --- | --- |

(1)

A mutual insurance mechanism (the ‘MIM’) is to cover the risk associated with non-recovery of sums due by the beneficiaries under Decision No 1982/2006/EC of the European Parliament and of the Council (3) (the ‘Seventh Framework Programme’), Regulation (EU) No 1291/2013 of the European Parliament and of the Council (4) (the ‘Horizon 2020’), Regulation (EU) 2021/695 (the ‘Horizon Europe’), Council Decisions 2006/976/Euratom (5), 2012/93/Euratom (6) and Regulations (Euratom), 1314/2013 (7), 2018/1563 (8), 2021/765 (the ‘Euratom Programmes’). The Commission is to set up specific rules for the operation of the MIM.

| (2) | For the efficient operation of the MIM, and the monitoring and supervision of the sound financial management of its financial transactions, it is necessary to appoint a manager of the MIM, which should be a designated service in charge with the overall management of the MIM, a financial asset manager of the MIM in charge with the implementation of the management of the assets, and an accountant of the MIM. |
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(2)

For the efficient operation of the MIM, and the monitoring and supervision of the sound financial management of its financial transactions, it is necessary to appoint a manager of the MIM, which should be a designated service in charge with the overall management of the MIM, a financial asset manager of the MIM in charge with the implementation of the management of the assets, and an accountant of the MIM.

| (3) | In order to ensure the legality of the transactions operated within the MIM, it is necessary to delegate the relevant powers from or within the Commission to persons consequently exercising tasks of authorising officers by delegation. The authorising officers by delegation should have the possibility to sub-delegate the relevant powers to authorising officers by sub-delegation in line with the Commission Internal Rules (9). |
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(3)

In order to ensure the legality of the transactions operated within the MIM, it is necessary to delegate the relevant powers from or within the Commission to persons consequently exercising tasks of authorising officers by delegation. The authorising officers by delegation should have the possibility to sub-delegate the relevant powers to authorising officers by sub-delegation in line with the Commission Internal Rules (9).

| (4) | In order to ensure transparency and clarity on the functioning of the MIM, it is necessary to lay down the rules on the detailed roles and responsibilities of the different Commission services and authorising officers by delegation, and the procedures and rules governing in particular the contributions, the returns and the interventions of the MIM. |
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(4)

In order to ensure transparency and clarity on the functioning of the MIM, it is necessary to lay down the rules on the detailed roles and responsibilities of the different Commission services and authorising officers by delegation, and the procedures and rules governing in particular the contributions, the returns and the interventions of the MIM.

| (5) | Given the environment of low or negative interest rates that prevails in financial markets already for several years, there is a material risk of periods during which negative financial returns (including administrative and bank fees, results of transactions and valuation of assets), may jeopardise the capacity of the MIM to operate. In order to preserve the MIM’s capacity to operate, those fees and costs may be paid from sources other than the financial returns of the MIM, which should be reserved for the purpose of covering the risk associated with non-recovery of sums due by the beneficiaries. |
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(5)

Given the environment of low or negative interest rates that prevails in financial markets already for several years, there is a material risk of periods during which negative financial returns (including administrative and bank fees, results of transactions and valuation of assets), may jeopardise the capacity of the MIM to operate. In order to preserve the MIM’s capacity to operate, those fees and costs may be paid from sources other than the financial returns of the MIM, which should be reserved for the purpose of covering the risk associated with non-recovery of sums due by the beneficiaries.

| (6) | Any internal or external assigned revenues stemming from past and current Research and Innovation Framework Programmes, as well as from any other programme participating in the MIM, if necessary, should be used in order to pay negative interests, administrative and bank fees for the management of the MIM, results of transactions and valuation of assets of the MIM, as well as late payment interests on the return due to beneficiaries. It should also be possible, if necessary, to use those sources in order to honor legal and contractual obligations of the Union. |
| --- | --- |

(6)

Any internal or external assigned revenues stemming from past and current Research and Innovation Framework Programmes, as well as from any other programme participating in the MIM, if necessary, should be used in order to pay negative interests, administrative and bank fees for the management of the MIM, results of transactions and valuation of assets of the MIM, as well as late payment interests on the return due to beneficiaries. It should also be possible, if necessary, to use those sources in order to honor legal and contractual obligations of the Union.

| (7) | Since the MIM replaces the participant guarantee fund established by Regulation (EU) No 1290/2013 of the European Parliament and of the Council (10), Commission Decision C(2013) 9092 (11) should be repealed and replaced by this Decision, |
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(7)

Since the MIM replaces the participant guarantee fund established by Regulation (EU) No 1290/2013 of the European Parliament and of the Council (10), Commission Decision C(2013) 9092 (11) should be repealed and replaced by this Decision,

HAS DECIDED AS FOLLOWS:

Article 1

1.   The Commission entrusts the financial and administrative management of the MIM to the Directorate General for Research and Innovation (‘DG RTD’ or ‘designated service’) for actions under the Seventh Framework Programme, Horizon 2020, Horizon Europe and Euratom Programmes.

2.   The Commission entrusts the tasks of financial assets manager of the MIM to the Directorate General for Budget.

3.   The division of tasks and duties between the designated service and the financial assets manager in relation to the MIM shall be set out in a service level agreement in conformity with the functions and responsibilities set out in this Decision.

Article 2

The Rules and Procedures of the MIM are set out in the Annex.

Article 3

1.   The Commission delegates to the authorising officers, as indicated in the Rules and Procedures of the MIM set out in the Annex, powers to authorise interventions from the MIM and the return of contributions to the beneficiaries.

2.   The Commission authorises the same authorising officers to implement revenue from the MIM under the Seventh Framework Programme, Horizon 2020, Horizon Europe and Euratom Programmes.

3.   The authorising officers by delegation may sub-delegate the relevant powers to authorising officers by sub-delegation in line with the Commission Decision C(2018)5120 of 3 August 2018 on the Internal Rules on the implementation of the general Budget of the European Union.

4.   The Commission delegates to the authorising officer by delegation of the designated service, the power to authorise payment orders for transferring the contribution collected by the AOD to the MIM and then to the Asset manager. The Commission also delegates to the authorising officer by delegation of the designated service, the power to issue recovery orders for transferring funds from the Asset manager to the MIM in order to ensure the returns of contributions and interventions. The authorising officer by delegation of the designated service may sub-delegate the relevant powers to authorising officers by sub-delegation.

5.   In its role as financial and administrative manager of the MIM, the designated service shall, after the verification of their conformity and regularity, validate or reject the transactions authorised by the authorising officers by delegation. Before validating the transaction, the designated service may issue a non-binding opinion on its opportunity. Where the opinion is negative, the transaction shall be validated by the designated service only if the authorising officer by delegation confirms the transaction in writing, providing a proper motivation.

Article 4

The Commission’s accounting officer is appointed the accounting officer of the MIM.

Article 5

1.   Where the designated service, in agreement with the financial assets manager, considers that the MIM’s funds are not sufficient to return the beneficiary contributions at the payment of the balance, the measures referred to in paragraph 2 shall be temporarily enacted.

2.   Any negative financial returns, including interests, net realised losses and valuation losses, administrative and bank fees for the management of the MIM such as, but not limited to, transaction fees, IT costs, account fees, custodian fees, external audit fees, costs, as well as any late payment interests on the return due to beneficiaries, may be covered by internal and/or external assigned revenues stemming from past and current Research and Innovation Framework Programmes, as well as from the budget of the participating programmes. Internal assigned revenues stemming from recoveries (both of the current financial year and carried over under Article 12(4)(b) of the Financial Regulation (12)), as well as available external assigned revenues from past Research Framework Programmes, shall be used in priority.

3.   The financial resources referred to in paragraph 2 shall not be used to finance the interventions of the MIM, except to cover the granting authority’s contractual obligations of previously signed Horizon 2020 grant agreements where, on the basis of the monthly financial statement of the MIM, the designated service, in agreement with the accountant of the MIM consider that the financial returns are not sufficient, or where the net financial returns available amount is less than EUR 15 million.

4.   Any transfers to the MIM under the temporary measures set out in paragraph 2 shall not result in the creation of a reserve exceeding EUR 60 million at any given time.

Article 6

Decision C(2013) 9092 is repealed.

Done at Brussels, 20 December 2021

For the Commission

Mariya GABRIEL

Member of the Commission

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(1)  OJ L 170, 12.5.2021, p. 1.

1

(2)  OJ L 167, 12.5.2021, p. 81.

2

(3)  Decision No 1982/2006/EC of the European Parliament and the Council of 18 December 2006 concerning the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007-2013) (OJ L 412, 30.12.2006, p. 1).

3

(4)  Regulation (EU) No 1291/2013 of the European Parliament and of the Council of 11 December 2013 establishing Horizon 2020 – the Framework Programme for Research and Innovation (2014-2020) and repealing Decision No 1982/2006/EC (OJ L 347, 20.12.2013, p. 104).

4

(5)  Council Decision of 19 December 2006 concerning the Specific Programme implementing the Seventh Framework Programme of the European Atomic Energy Community (Euratom) for nuclear research and training activities (2007 to 2011) (2006/976/Euratom) (OJ L 400, 30.12.2006, p. 404).

5

(6)  Council Decision of 19 December 2011 concerning the Framework Programme of the European Atomic Energy Community for nuclear research and training activities (2012 to 2013) (2012/93/Euratom) (OJ L 47, 18.2.2012, p. 25).

6

(7)  Council Regulation (Euratom) No 1314/2013 of 16 December 2013 on the Research and Training Programme of the European Atomic Energy Community (2014-2018) complementing the Horizon 2020 Framework Programme for Research and Innovation (OJ L 347, 20.12.2013, p. 948).

7

(8)  Council Regulation (Euratom) No 2018/1563 of 15 October 2018 on the Research and Training Programme of the European Atomic Energy Community (2019-2020) complementing the Horizon 2020 Framework Programme for Research and Innovation, and repealing Regulation (Euratom) No 1314/2013 (OJ L 262, 19.10.2018, p. 1).

8

(9)  Commission Decision C(2018)5120 of 3 August 2018 on the Internal Rules on the implementation of the general Budget of the European Union (European Commission section) for the attention of the Commission departments.

9

(10)  Regulation (EU) No 1290/2013 of the European Parliament and of the Council of 11 December 2013 laying down the rules for participation and dissemination in Horizon 2020 – the Framework Programme for Research and Innovation (2014-2020) and repealing Regulation (EC) No 1906/2006 (OJ L 347, 20.12.2013, p. 81).

10

(11)  Commission Decision C(2013) 9092 of 17 December 2013 on the financial management of the participant guarantee fund established under Regulation (EU) No [1290/2013] of the European Parliament and of the Council and amending Commission Decision C(2005) 2992.

11

(12)  Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012 (OJ L 193, 30.7.2018, p. 1).

12

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ANNEX

Rules and Procedures of the mutual insurance mechanism

CONTENTS

| 1. | CONTEXT | 11 |
| --- | --- | --- |

1.

| 1.2. | Budgetary structure, costs related to, and actors involved in managing the MIM | 11 |
| --- | --- | --- |

1.2.

| 1.2.1. | The MIM’s specific budgetary structure | 11 |
| --- | --- | --- |

1.2.1.

| 1.2.2. | Authorising officers | 11 |
| --- | --- | --- |

1.2.2.

| 1.2.3. | The Commission’s designated service for managing the MIM | 12 |
| --- | --- | --- |

1.2.3.

| 1.2.4. | The MIM’s accounting officer | 12 |
| --- | --- | --- |

1.2.4.

| 1.2.5. | The financial assets manager | 13 |
| --- | --- | --- |

1.2.5.

| 1.2.6. | Inter-Service Group of the Mutual Insurance Mechanism | 13 |
| --- | --- | --- |

1.2.6.

| 2. | CONTRIBUTIONS TO THE MIM | 13 |
| --- | --- | --- |

2.

| 2.1. | Procedure No 1 — Contribution | 13 |
| --- | --- | --- |

2.1.

| 3. | RETURNING MIM’s CONTRIBUTIONS | 14 |
| --- | --- | --- |

3.

| 3.1. | General rules | 14 |
| --- | --- | --- |

3.1.

| 3.2. | Procedure No 2 – Returning | 14 |
| --- | --- | --- |

3.2.

| 3.2.1. | Procedure 2a – Complete repayment to the beneficiaries | 14 |
| --- | --- | --- |

3.2.1.

| 3.2.2. | Procedure 2b – Complete repayment to relevant budget line | 14 |
| --- | --- | --- |

3.2.2.

| 3.2.3. | Procedure 2c – Partial repayment to the legal entities and to relevant budget line | 14 |
| --- | --- | --- |

3.2.3.

| 4. | INTERVENTION OF THE MIM (DEFAULTS) | 15 |
| --- | --- | --- |

4.

| 4.1. | Introduction | 15 |
| --- | --- | --- |

4.1.

| 4.2. | Procedure No 3 – MIM intervention | 15 |
| --- | --- | --- |

4.2.

| 4.2.1. | Procedure 3a — MIM intervention in ongoing actions (direct transfer to consortium) | 15 |
| --- | --- | --- |

4.2.1.

| 4.2.2. | Procedure 3b — Other MIM interventions (transfer to budget line) | 16 |
| --- | --- | --- |

4.2.2.

| 5. | ACCOUNTING SYSTEM | 17 |
| --- | --- | --- |

5.

| 5.1. | Annual accounts | 17 |
| --- | --- | --- |

5.1.

| 5.2. | Computerised accounting system | 18 |
| --- | --- | --- |

5.2.

| 5.3. | Executing payments | 18 |
| --- | --- | --- |

5.3.

| 5.4. | Collecting revenue and recovering debts | 18 |
| --- | --- | --- |

5.4.

| 5.5. | Managing the ‘GF01’ bank accounts | 18 |
| --- | --- | --- |

5.5.

INTRODUCTION

This Annex sets out the Rules and Procedures for all the services involved in the operations and the management of the mutual insurance mechanism (the ‘MIM’).

These Rules and Procedures apply to actions financed under the Seventh Framework Programme (1) (‘FP7’), Horizon 2020 (2) (‘H2020’), the Horizon Europe (3) (‘HE’), and the Euratom Research and Training Programme (4) (‘Euratom Programmes’).

A comprehensive user guide for staff responsible for implementing actions under the FP7, H2020, HE and Euratom Programmes will be included in the ‘MIM Guidance’.

1.   CONTEXT

1.2.   Budgetary structure, costs related to, and actors involved in managing the MIM

1.2.1.   The MIM’s specific budgetary structure

Although the MIM lacks legal personality, it has a structure and an accounting and a budgetary system (company code ‘GF01’) independent from that of the Commission (company code ‘BG32’) or other Union bodies.

1.2.2.   Authorising officers

The Commission is the authorising officer of the MIM.

For the purpose of this decision, the following are understood as ‘authorising officers by delegation’ (‘AOD’) for the operations of the MIM, each one responsible for the part of the FP7, H2020, HE budget or the Euratom Programmes budget that they implement:

| — | Directors-general of the different Directorates General of the Commission; |
| --- | --- |

—

Directors-general of the different Directorates General of the Commission;

| — | For Euratom Programmes, the Director General of DG RTD, |
| --- | --- |

—

For Euratom Programmes, the Director General of DG RTD,

| — | Directors of the executive agencies, |
| --- | --- |

—

Directors of the executive agencies,

| — | Holders of equivalent positions in entities entrusted with budgetary implementation tasks, such as Executive Directors of joint undertakings and other relevant funding bodies on condition that the tasks related to the operations of the MIM are entrusted in accordance with Article 154 of the Financial Regulation (5) and subject to the conditions for MIM participation set out in the instrument entrusting budgetary implementation tasks. |
| --- | --- |

—

Holders of equivalent positions in entities entrusted with budgetary implementation tasks, such as Executive Directors of joint undertakings and other relevant funding bodies on condition that the tasks related to the operations of the MIM are entrusted in accordance with Article 154 of the Financial Regulation (5) and subject to the conditions for MIM participation set out in the instrument entrusting budgetary implementation tasks.

AODs are responsible for retaining, from each initial pre-financing, the contribution to the MIM provided for in the grant agreements they manage.

They are also responsible for (i) returning MIM contributions to beneficiaries, (ii) for MIM interventions, including payments and recoveries. Consequently, they are also AODs in the ‘GF01’ accounting system.

They remain fully responsible for ensuring that the funds they manage are used correctly and that the expenditure placed under their control is legal and correct.

1.2.3.   The Commission’s designated service for managing the MIM

DG RTD, as the designated service, is responsible for monitoring and supervising the sound financial management of the MIM’s financial transactions. This does not relieve the AODs of their individual responsibility.

In particular, the designated service shall:

| — | transfer beneficiaries’ contributions from the specific ‘BG32’ off-budget account to the ‘GF01’ (6) bank account; |
| --- | --- |

—

transfer beneficiaries’ contributions from the specific ‘BG32’ off-budget account to the ‘GF01’ (6) bank account;

| — | transfer contributions from the ‘GF01’ bank account to the financial assets manager; |
| --- | --- |

—

transfer contributions from the ‘GF01’ bank account to the financial assets manager;

| — | monitor that there is enough liquidity in the ‘GF01’ bank account to be able to promptly respond to requests for returns and to requests for interventions; |
| --- | --- |

—

monitor that there is enough liquidity in the ‘GF01’ bank account to be able to promptly respond to requests for returns and to requests for interventions;

| — | regularly provide the MIM’s accounting officer with all information needed to perform his or her duties; |
| --- | --- |

—

regularly provide the MIM’s accounting officer with all information needed to perform his or her duties;

| — | ensure the detailed monitoring and follow-up of amounts transferred to or from the financial assets manager; |
| --- | --- |

—

ensure the detailed monitoring and follow-up of amounts transferred to or from the financial assets manager;

| — | periodically provide the financial assets manager with a projection of the flow of contributions and returns, based on information provided by the services involved, and any other information reasonably required by the financial asset manager for the performance of his or her duties; |
| --- | --- |

—

periodically provide the financial assets manager with a projection of the flow of contributions and returns, based on information provided by the services involved, and any other information reasonably required by the financial asset manager for the performance of his or her duties;

| — | provide the AODs with quarterly reports on the MIM’s financial situation; |
| --- | --- |

—

provide the AODs with quarterly reports on the MIM’s financial situation;

| — | monitor the situation and evolution of the MIM to allow the Commission to take, if needed, appropriate mitigating measures in order to allow the MIM to continue its interventions for the protection of the financial interests of the Union and to return contributions to beneficiaries at the payment of the balance; |
| --- | --- |

—

monitor the situation and evolution of the MIM to allow the Commission to take, if needed, appropriate mitigating measures in order to allow the MIM to continue its interventions for the protection of the financial interests of the Union and to return contributions to beneficiaries at the payment of the balance;

| — | verify ex-post that the AODs have correctly retained the MIM contribution from each initial pre-financing and that the contribution is equal to the percentage specified in the grant agreement, applied to the maximum grant amount indicated in the grant agreement; |
| --- | --- |

—

verify ex-post that the AODs have correctly retained the MIM contribution from each initial pre-financing and that the contribution is equal to the percentage specified in the grant agreement, applied to the maximum grant amount indicated in the grant agreement;

| — | validate or reject the transactions authorised by the authorising officers by delegation, after the verification of their conformity and regularity. In case of disagreement on the opportunity of a transaction, the designated service, releases a non-binding opinion before its validation; |
| --- | --- |

—

validate or reject the transactions authorised by the authorising officers by delegation, after the verification of their conformity and regularity. In case of disagreement on the opportunity of a transaction, the designated service, releases a non-binding opinion before its validation;

| — | chair the MIM Inter-service Group referred to in point 1.2.6; |
| --- | --- |

—

chair the MIM Inter-service Group referred to in point 1.2.6;

| — | ensure that the MIM guidance content is up-to-date; |
| --- | --- |

—

ensure that the MIM guidance content is up-to-date;

| — | assist the financial officers of the relevant AOD. |
| --- | --- |

—

assist the financial officers of the relevant AOD.

1.2.4.   The MIM’s accounting officer

The MIM’s accounting officer carries out the role in accordance with principles set out in the ‘Charter of tasks and responsibilities of the Commission’s accounting officer’ (7).

The MIM’s specific accounting system is part of the Commission’s accounting system. However, its accountancy is distinct from that of the general budget of the Union.

The designated service and the financial assets manager referred to in point 1.2.5 provide the MIM’s accounting officer with all information necessary for compiling the accounts, which must give a true and fair view of the MIM’s assets and liabilities. The MIM’s accounting officer may verify the information received and carry out any further checks that are considered necessary before signing off the accounts. The MIM’s accounting officer may express reservations, specifying their nature and scope.

1.2.5.   The financial assets manager

The Directorate General for the Budget (DG BUDG), as the financial assets manager, manages the MIM’s assets in line with the service level agreement that it concludes with the designated service.

The service level agreement will establish the relationship between the designated service and the financial assets manager as well as the investment rules of the MIM, with a view to find the right balance between an acceptable level of investment risk and long term financial viability of the MIM (8).

The financial assets manager will monitor the funds in line with the rules set out in the service level agreement and report to the designated service any relevant information related to its mandate.

1.2.6.   Inter-Service Group of the Mutual Insurance Mechanism

The Inter-Service Group of the Mutual Insurance Mechanism (‘ISG-MIM’) is composed of the Directorates-General, Executive Agencies and Joint Undertakings involved in the operations of the MIM. Its members include also a representative of the Commission’s Legal Service, DG BUDG and the Common Legal Support Service (CLSS).

The ISG-MIM is chaired by the designated service. It has a consultative role.

2.   CONTRIBUTIONS TO THE MIM

In line with the relevant grant agreement, the contribution will be retained in full from the initial pre-financing. If the EU grant amount is increased through an amendment, an additional corresponding retention as contribution to the MIM will be applied (9).

2.1.   Procedure No 1 — Contribution

Step 1

When concluding a grant agreement, the AOD retains the contribution percentage from the pre-financing, as specified in the grant agreement.

The relevant financial initiating agent enters a pre-financing payment order (10) (‘PO’) in its own accounting system. The part of the amount of this PO intended for the MIM is recorded by the relevant financial initiating agent in a specific off-budget account in its own accounting system.

The PO follows the relevant authorising procedure and it is executed by the relevant accounting officer (11).

Step 2

The designated service regularly transfers the total cumulative contributions from the specific off-budget accounts to the accounting system ‘GF01’ (12) by means of a PO.

The PO is checked by a financial verifying agent, authorised by the AOSD of the designated service and executed by the Commission’s accounting officer.

Step 3

The designated service, by means of a PO, authorises the transfer of the contributions from the ‘GF01’ accounting system to the MIM’s financial assets manager, and ensures that the ‘GF01’ bank account has sufficient liquidity to be able to respond to requests for returns and interventions.

This PO is checked by a financial verifying agent, authorised by the AOD of the designated service and executed by the MIM’s accounting officer.

The designated service verifies ex-post that the AOD has correctly calculated and retained the contribution to the MIM from the initial pre-financing. If an error is detected, the designated service notifies the AOD responsible who corrects the amount.

3.   RETURNING MIM’s CONTRIBUTIONS

3.1.   General rules

Under Article 37(4) of Regulation (EU) 2021/695, the contribution transferred to the MIM must be returned to the beneficiaries at the payment of the balance. The amount to be returned includes late-payment interest on the retention, if applicable, but not interests generated by the MIM.

If the calculation of the payment of the balance does not justify repaying any or part of the initial contribution to the beneficiaries, the entire contribution, or the relevant part, is to be returned to the relevant budget line from which the initial commitment was authorised.

3.2.   Procedure No 2 – Returning

The return of the contributions shall be carried out according to the following three procedures:

3.2.1.   Procedure 2a – Complete repayment to the beneficiaries

If the calculation of the payment of the balance justifies a full repayment of the initial contribution, the relevant AOD repays the contribution to the beneficiaries via the coordinator of the action.

The financial initiating agent initiates in the ABAC (13)‘GF01’ accounting system a PO in favour of the coordinator of the action. The PO is then checked by a financial verifying agent, authorised by the AOD, validated by the designated service in ABAC SAP (14) and executed by the MIM’s accounting officer.

If an error is detected, the designated service rejects the transaction in ABAC SAP and notifies the relevant AOD.

3.2.2.   Procedure 2b – Complete repayment to relevant budget line

If the calculation of the payment of the balance after taking into account the requirements of the applicable grant agreement does not justify repaying any part of initial contribution to the beneficiaries, the relevant AOD fully repays it to the budget line from which the initial payment was made.

To do this, the relevant AOD authorises a recovery order (‘RO’) against the MIM in its accounting system. Once the RO is validated by the relevant accounting officer, the initiating agent initiates a PO in the GF01 accounting system.

The financial initiating agent initiates in the ABAC ‘GF01’ accounting system a PO in favour of the budget line from which the original payment was made. The PO is then checked by a financial verifying agent, authorised by the AOD, validated by the designated service in ABAC SAP and executed by the MIM’s accounting officer.

If an error is detected, the designated service rejects the transaction in ABAC SAP and notifies the relevant AOD.

3.2.3.   Procedure 2c – Partial repayment to the legal entities and to relevant budget line

If the calculation of the payment of the balance justifies partially repaying the initial contribution to the beneficiaries, the relevant AOD repays a partial amount to the action’s coordinator.

The relevant AOD repays the remaining amount to the budget line from which the initial payment was made.

To do this, the relevant AOD authorises a RO against the MIM in its accounting system. Once the RO is validated by the relevant accounting officer, the initiating agent initiates two POs in the ABAC GF01 accounting system. One in favour of the budget line, the other in favour of the action’s coordinator. Both POs are then checked by a financial verifying agent, authorised by the AOD, validated by the designated service in ABAC SAP and executed by the MIM’s accounting officer.

If an error is detected, the designated service rejects the transaction in ABAC SAP and notifies the relevant AOD.

4.   INTERVENTION OF THE MIM (DEFAULTS)

4.1.   Introduction

If a beneficiary (including the coordinator) defaults, – that is, it does not pay by the due date the whole or a part of the amount established in the debit note – and in the absence of guarantees or further possible offsets, the relevant AOD considers launching a MIM intervention in line with the relevant contractual provisions (FP7, H2020, Euratom Programme or HE). MIM interventions do not affect any administrative sanctions or measures that may be imposed on the defaulting legal entity under the Financial Regulation.

Except where the interventions of the MIM derive from a contractual provision of the H2020 grant agreement, if the financial return generated by the MIM is insufficient to cover the default, the MIM cannot intervene and the Commission, executive agency, joint undertaking or Union body concerned, must recover the amount due directly from the beneficiary or, if possible, its affiliated entity/linked third party.

A MIM intervention cannot be launched:

| — | for ROs issued after the payment of the balance; |
| --- | --- |

—

for ROs issued after the payment of the balance;

| — | for ROs issued to recover liquidated damages and/or financial penalties owed by a legal entity. |
| --- | --- |

—

for ROs issued to recover liquidated damages and/or financial penalties owed by a legal entity.

If after the payment of the balance, the relevant AOD issues a RO against the coordinator for amounts of non-distributed pre-financing, interim payments or payments of the balance, the MIM will not intervene.

4.2.   Procedure No 3 – MIM intervention

4.2.1.   Procedure 3a — MIM intervention in ongoing actions (direct transfer to consortium)

In case of termination of a beneficiary (including the coordinator) of the consortium during an ongoing action (‘defaulting beneficiary’), and where the amounts unduly received by the defaulting beneficiary are not reimbursed by the latter to the consortium, the MIM will intervene by paying such amounts to the coordinator (in case the defaulting beneficiary is the coordinator, the amount due from that entity will be paid by the MIM to the new coordinator), if the following cumulative conditions are met:

| (a) | the action is still on-going (15); |
| --- | --- |

(a)

the action is still on-going (15);

| (b) | the relevant AOD considers that the intervention is necessary and opportune for the consortium to successfully complete the action; |
| --- | --- |

(b)

the relevant AOD considers that the intervention is necessary and opportune for the consortium to successfully complete the action;

| (c) | the rest of the consortium agrees to implement the action with the same objectives; |
| --- | --- |

(c)

the rest of the consortium agrees to implement the action with the same objectives;

| (d) | an amendment to the grant agreement terminating the defaulting beneficiary (or coordinator) is signed; |
| --- | --- |

(d)

an amendment to the grant agreement terminating the defaulting beneficiary (or coordinator) is signed;

| (e) | if the defaulting beneficiary is the coordinator, that a new coordinator is appointed with the agreement of the remaining beneficiaries. |
| --- | --- |

(e)

if the defaulting beneficiary is the coordinator, that a new coordinator is appointed with the agreement of the remaining beneficiaries.

The relevant AOD is responsible for verifying the fulfilment of those conditions.

This procedure does not apply to amounts of pre-financing or interim payments undistributed by the coordinator.

In view of verifying and monitoring the conformity, the regularity and the opportunity of the transaction, the designated service controls the fulfilment of these conditions and rejects the transaction if the conditions are not fulfilled. When the designated service rejects the transaction, it notifies the reasons to the relevant AOD. If the designated service considers that the condition under (b) is not fulfilled, it will issue a non-binding opinion via note addressed to the AOD. In case the AOD disagrees, she or he confirms its position in writing in a motivated reply.

For each intervention, the designated service may request access to administrative and financial files.

Step 1

The financial initiating agent of the relevant AOD initiates a PO in favour of the coordinator (or the new coordinator) in the ‘GF01’ accounting system for the amount unduly received by the defaulting beneficiary. The PO is then checked by a financial verifying agent, authorised by the relevant AOD and, if validated by the designated service in ABAC SAP, executed by the MIM’s accounting officer.

From a legal point of view, the payment will be done by the Commission, executive agency, joint undertaking or other funding body concerned even though the payment is done by the accounting officer of the MIM via the ‘GF01’ account.

Step 2

In parallel, the financial initiating agent of the relevant AOD initiates a RO in the name of the Commission, executive agency, the joint undertaking or other funding body against the defaulting beneficiary in the ‘GF01’ accounting system, and must indicate the bank account of the MIM. This RO is then checked by a financial verifying agent, authorised by the relevant AOD and, if validated by the designated service in ABAC SAP, executed by the MIM’s accounting officer, who also ensures its follow-up.

If the defaulting beneficiary declares bankruptcy, insolvency or is in the process of dissolution or liquidation, the relevant AOD must send a declaration of debt to the liquidator as soon as possible (16). The relevant AOD must also send the liquidator the corresponding debit note.

4.2.2.   Procedure 3b — Other MIM interventions (transfer to budget line)

This procedure applies for the following cases, where debit notes established have not been honoured:

| a) | termination of a beneficiary (including the coordinator (17)) before the payment of the balance, in cases where the procedure 3a does not apply; |
| --- | --- |

a)

termination of a beneficiary (including the coordinator (17)) before the payment of the balance, in cases where the procedure 3a does not apply;

| b) | termination of a coordinator before the payment of the balance because the coordinator did not distribute the pre-financing or any interim payment to the other beneficiaries of the consortium; |
| --- | --- |

b)

termination of a coordinator before the payment of the balance because the coordinator did not distribute the pre-financing or any interim payment to the other beneficiaries of the consortium;

| c) | there is a debt resulting from a ‘negative payment of the balance’. |
| --- | --- |

c)

there is a debt resulting from a ‘negative payment of the balance’.

Step 1

The relevant AOD issues a RO against the beneficiary or the coordinator in its accounting system to recover the amount owed (in accordance with the relevant grant agreement).

Step 2

If the debit note is not reimbursed totally or partially within the specified deadline and if offsetting by the relevant accounting officer is not possible totally or partially, that accounting officer must inform the relevant AOD.

The relevant AOD then initiates, verifies and authorises a PO in the ‘GF01’ accounting system to pay the totality or the part of the debit note still pending to be paid. Then, if validated by the designated service in ABAC SAP, the PO is executed by the MIM’s accounting officer.

Step 3

In parallel, the relevant AOD initiates, verifies and authorises a new RO against the defaulting beneficiary in the ‘GF01’ accounting system. Then, if validated by the designated service in ABAC SAP, the RO is executed by the MIM’s accounting officer, who ensures its follow-up and takes the steps specified in the Financial Regulation to ensure recovery of the amount owed.

The relevant AOD generates a new debit note in the name of the Commission, executive agency, joint undertaking or another funding body concerned, in favour of the MIM, which simply replaces the initial debit note, keeping the same payment date and interest rate and properly informing the debtor.

If the beneficiary honours the debit note, the funds are paid to the ‘GF01’ bank account along with the default interest accrued.

If the beneficiary does not honour the debit note, other options for recovering the funds in question may be possible, such as offsetting the amounts due, holding affiliated entities of the beneficiary liable (18) or enforced recovery, if applicable (19), or, in the case of funding bodies, any other appropriate measure foreseen in accordance with its rules and procedure.

For step (2) and (3): in view of verifying and monitoring the conformity and the regularity of the transaction (PO and RO), the designated service may request access to administrative and financial files. If an error is detected, the designated service rejects the transaction and notifies the relevant AOD.

Notes to chapter 4.2

| 1. | In application of the principle of sound financial management, and in order to protect the financial interests of the Union, the AOD should verify whether the consortium or its members have fulfilled their obligation of timely (according to the grant agreement/annotated grant agreement) informing about the non-distribution of the pre-financing or of the interim payment by the coordinator. In particular, as soon as the relevant AOD receives such information, he or she must immediately take any possible measure to suspend any further payment to the defaulting coordinator. The relevant AOD could also consider whether any delay in this information, having as a consequence an additional financial exposure of the Union budget (i.e. a further payment) has to be attributed to the consortium members. |
| --- | --- |

1.

| 2. | Whenever the non-distribution is reported by the consortium’s members with unjustified delay, in order to trigger the intervention of the MIM, reasonable assurance must be gathered by the AOD, that the coordinator did not enter in any kind of bi or multi-lateral agreement with any of the unpaid beneficiaries, in particular for reducing or offsetting or compensating any part of the amount at stake. The AOD may if necessary ask the coordinator and/or beneficiaries for proof of transfer or receipt. |
| --- | --- |

2.

| 3. | Only applicable to 4.2.2. If a beneficiary declares bankruptcy, insolvency or is in the process of dissolution or liquidation, the Commission, executive agency, joint undertaking or another funding body’s AOD shall immediately initiate a MIM intervention before the specified deadline in the debit note (step 1). If the RO issued in ‘GF01’ has been issued or can be issued before any deadline, then only the debit note corresponding to this RO should be sent to the beneficiary, with a copy addressed to the liquidator, in the name of the Commission, executive agency, joint undertaking or another funding body concerned and in favour of the MIM. |
| --- | --- |

3.

In any case, no more payments to the coordinator shall be done until such situation is resolved.

5.   ACCOUNTING SYSTEM

5.1.   Annual accounts

The accounts must comply with the applicable rules, be accurate, comprehensive and present a true and fair view of MIM assets, the financial situation and the outturn of the financial year.

The MIM’s accounting officer sets out the accounting procedures and the chart of accounts.

5.2.   Computerised accounting system

The MIM’s accounting officer draws up the functional specifications of the accounting software and ensures that they comply with the accounting rules and practices before this system is being put into operation.

The AODs and designated service uses the central ABAC WORKFLOW system to make payments, collect revenue and recover debts. The ABAC SAP-ACCOUNTING system is used for keeping, preparing and presenting the accounts.

The accounting system and accounting procedures used must take into consideration procedures specific to the MIM, as described in sections 2, 3 and 4 of this Annex.

5.3.   Executing payments

Payments are made by the MIM’s accounting officer within the limits of the available funds.

The MIM’s accounting officer may make payments by bank transfer only if the beneficiary’s bank details and confirmation of its identity (or changes to it) were entered in the Commission’s central third-party database in advance.

5.4.   Collecting revenue and recovering debts

The MIM’s accounting officer is responsible for the ROs drawn up by the relevant AOD and acts with due diligence to ensure that they are collected.

If debts are not repaid by the deadline specified in the debit note, the MIM’s accounting officer implements the pre-litigation recovery procedure by sending reminders and letters of formal notice to the debtor.

The MIM’s accounting officer calculates and recovers the default interest due in accordance with the provisions included in the debit note.

If necessary, the MIM’s accounting officer may recover the debt by offsetting it or by calling in a guarantee lodged in advance (for FP7 actions), after informing the relevant AOD and the defaulting beneficiary.

If the debts are not recovered through the pre-litigation procedure, the MIM’s accounting officer either:

| — | asks the relevant AOD to prepare an enforceable decision in accordance with Article 100 of the Financial Regulation or |
| --- | --- |

—

asks the relevant AOD to prepare an enforceable decision in accordance with Article 100 of the Financial Regulation or

| — | if it is not possible to formalise the RO as an enforceable decision, instructs the Commission’s relevant service to obtain an enforcement order by judicial means, if in line with the Internal Rules (20). |
| --- | --- |

—

if it is not possible to formalise the RO as an enforceable decision, instructs the Commission’s relevant service to obtain an enforcement order by judicial means, if in line with the Internal Rules (20).

The MIM’s accounting officer may grant the debtor additional time for payment, if the debtor commits to paying the default interest due and lodges a guarantee covering the principal amount and the interest.

If necessary, the MIM’s accounting officer may at any point in the procedure take steps to safeguard the Union’s financial interests.

5.5.   Managing the ‘GF01’ bank accounts

The MIM’s accounting officer is empowered to manage the bank accounts used to execute payments and to collect revenue. The MIM’s accounting officer is responsible for safeguarding the funds deposited on these accounts.

At least once a month, the MIM’s accounting officer must verify that the amounts entered into the accounting system match the amounts in these bank accounts. The MIM’s accounting officer must investigate and, if necessary, correct any differences found.

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(1)  Decision No 1982/2006/EC of the European Parliament and of the Council of 18 December 2006 concerning the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007-2013) (OJ L 412, 30.12.2006, p. 1).

(2)  Regulation (EU) No 1291/2013 of the European Parliament and of the Council of 11 December 2013 establishing Horizon 2020 - the Framework Programme for Research and Innovation (2014-2020) and repealing Decision No 1982/2006/EC (OJ L 347, 20.12.2013, p. 104).

(3)  Regulation (EU) 2021/695 of the European Parliament and of the Council of 28 April 2021 establishing Horizon Europe – the Framework Programme for Research and Innovation, laying down its rules for participation and dissemination, and repealing Regulations (EU) No 1290/2013 and (EU) No 1291/2013 (OJ L 170, 12.5.2021, p. 1).

(4)  Council Regulation (Euratom) 2021/765 of 10 May 2021 establishing the Research and Training Programme of the European Atomic Energy Community for the period 2021-2025 complementing Horizon Europe – the Framework Programme for Research and Innovation and repealing Regulation (Euratom) 2018/1563 (OJ L 167I, 12.05.2021, p. 81).

(5)  Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012 (OJ L 193, 30.7.2018, p. 1).

(6)  Except from the EUSPA (ex-GSA), EIT, joint undertakings.

(7)  Commission Decision C(2018) 5120 final of 3 August 2018 on the Internal Rules on the implementation of the general budget of the European Union (European Commission section) for the attention of the Commission departments, Annex 15 - Charter of financial actors, part 3 - Charter of tasks and responsibilities of the Commission’s accounting officer.

(8)  It is understood that the management of the MIM’s assets involves taking investment risk by the budget of the Union which implies that investment returns can be negative or positive depending on the future market conditions and behavior.

(9)  Except HE MSCA Programme.

(10)  Each reference to a PO in this Annex includes by default also the payment request(s) linked to it.

(11)  Joint undertakings and other funding bodies ensure the execution of the PO by their own accounting officer.

(12)  The GSA, EIT, the joint undertakings and other relevant funding bodies, transfer the MIM contributions directly to the ‘GF01’ accounting system.

(13)  ABAC (Accrual Based Accounting) is the acronym of the IT financial system of the European Commission.

(14)  SAP identifies the accounting module within ABAC.

(15)  The action’s duration is fixed in the grant agreement.

(16)  As specified in Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (OJ L 141, 5.6.2015, p. 19).

(17)  For the coordinator it covers the part of the funding received related to its own costs, not for the non-distribution of pre-financing/interim payments to the consortium’s members.

(18)  For H2020 and HE actions, if applicable under the grant agreement.

(19)  Internal procedure provisions for the recovery of amounts receivable arising from direct management and the recovery of fines, lump sums and penalty payments under the Treaties (Decision C(2018/5119) final of 3 August 2018).

(20)  Commission Decision C(2018) 5119 final of 3 August 2018 on the internal procedure provisions for the recovery of amounts receivable arising from direct management and the recovery of fines, lump sums and penalty payments under the Treaties.

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V Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

| 21.12.2021 | EN | Official Journal of the European Union | CI 514/19 |
| --- | --- | --- | --- |

21.12.2021

EN

Official Journal of the European Union

CI 514/19

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Prior notification of a concentration

(Case M.10411 – ABM / YKA / HEBEI MAURI)

Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 514 I/04)

1.

This notification concerns the following undertakings:

| — | Associated British Foods plc (‘ABF’, United Kingdom), |
| --- | --- |

—

Associated British Foods plc (‘ABF’, United Kingdom),

| — | Wilmar International Limited (‘Wilmar’, Singapore), |
| --- | --- |

—

Wilmar International Limited (‘Wilmar’, Singapore),

| — | AB Mauri Yihai Kerry Investment Company Limited (‘AB Mauri’, China), a full-function joint venture between ABF and Wilmar, |
| --- | --- |

—

AB Mauri Yihai Kerry Investment Company Limited (‘AB Mauri’, China), a full-function joint venture between ABF and Wilmar,

| — | Hebei Mauri Food Co., Ltd. (‘Hebei Mauri’ or the ‘Target’ China), controlled by ABF. |
| --- | --- |

—

Hebei Mauri Food Co., Ltd. (‘Hebei Mauri’ or the ‘Target’ China), controlled by ABF.

Through AB Mauri, ABF and Wilmar acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Hebei Mauri.

The concentration is accomplished by way of purchase of shares.

2.

| — | for ABF: active in five main business domains worlwide, namely (i) production of baking ingredients, including yeast; (ii) production of sugar; (iii) manufacture of grocery products; (iv) supply of agricultural products to farmers; and (v) high street retailing, |
| --- | --- |

—

for ABF: active in five main business domains worlwide, namely (i) production of baking ingredients, including yeast; (ii) production of sugar; (iii) manufacture of grocery products; (iv) supply of agricultural products to farmers; and (v) high street retailing,

| — | for Wilmar: active in oil palm cultivation, oilseed crushing, edible oil refining, sugar milling and refining, manufacturing of consumer products, specialty fats, oleochemicals, biodiesel and fertilisers as well as flour and rice milling worldwide, |
| --- | --- |

—

for Wilmar: active in oil palm cultivation, oilseed crushing, edible oil refining, sugar milling and refining, manufacturing of consumer products, specialty fats, oleochemicals, biodiesel and fertilisers as well as flour and rice milling worldwide,

| — | for Hebei Mauri: active in the manufacture and supply of bakers’ yeast to China and other countries, including in Asia; and |
| --- | --- |

—

for Hebei Mauri: active in the manufacture and supply of bakers’ yeast to China and other countries, including in Asia; and

| — | for AB Mauri: active in the manufacture, sale and distribution of yeast, bakery ingredients and bakery fats in Asia, as well as the provision of relevant bakery and technical services related to these products in Asia. |
| --- | --- |

—

for AB Mauri: active in the manufacture, sale and distribution of yeast, bakery ingredients and bakery fats in Asia, as well as the provision of relevant bakery and technical services related to these products in Asia.

3.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.10411 – ABM / YKA / HEBEI MAURI

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

| European Commission |
| --- |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

1

(2)  OJ C 366, 14.12.2013, p. 5.

2

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