|| PART ONE: COMMON PROVISIONS

|| 1. TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS

PART ONE MAIN PROVISIONS TITLE I SUBJECT MATTER AND SCOPE Article 1 This Regulation lays down the rules for the establishment and financial implementation of the resources of the 10th European Development Fund (EDF), and the presentation and auditing of the accounts. || PART ONE MAIN PROVISIONS TITLE I SUBJECT MATTER, SCOPE AND GENERAL PROVISIONS Article 1 11th EDF FR Scope This Regulation lays down the rules for the financial implementation of the resources of the 11th European Development Fund (11th EDF), and the presentation and auditing of the accounts. Article 2 11th EDF FR Relation to Regulation (EU, Euratom) No 966/2012 applicable to the general budget 1. Unless specifically provided otherwise, direct references in this Regulation to the provisions of Regulation (EU, Euratom) No 966/2012 shall be deemed to include also references to the corresponding provisions of Delegated Regulation (EU) No 1268/2012. 2. References in this Regulation to applicable provisions of Regulation (EU, Euratom) No 966/2012 shall not be deemed to include procedural provisions which are not relevant to the 11th EDF, in particular those concerning the empowerment to adopt delegated acts. 3. Internal references in Regulation (EU, Euratom) No 966/2012 or in Delegated Regulation (EU) No 1268/2012 shall not render the provisions referred to indirectly applicable to the 11th EDF. 4. Terms used in this Regulation shall have the same meaning as that assigned to them in Regulation (EU, Euratom) No 966/2012, with the exception of points (a) to (e) of Article 2 of that Regulation. However for the purposes of this Regulation, the following terms in Regulation (EU, Euratom) No 966/2012 shall be interpreted with the following adjustments: (a) "budget" or "budgetary" means "11th EDF"; (b) "budgetary commitment" means "financial commitment"; (c) "institution" means "the Commission"; (d) "appropriations" or "operational appropriations" means "11th EDF resources"; (e) "budget line" or "line in the budget" means "allocation"; (f) "basic act" means, according to the relevant context, the Internal Agreement, the Overseas Association Decision or the Implementation Regulation (g) “third country” means any beneficiary country or territory covered by the geographical scope of the 11th EDF. 5. The interpretation of this Regulation shall aim at preserving coherence with Regulation (EU, Euratom) No 966/2012 unless such interpretation would be incompatible with the specificities of the 11th EDF as provided for in the Cotonou Agreement, the Internal Agreement, the Overseas Association Decision, or the Implementation Regulation.

Article 5 1. Unless otherwise specified, references in this Regulation to the ACP States shall be deemed to refer also to the bodies or representatives defined in Articles 13 and 14 of Annex IV to the ACP-AC Agreement, which they may duly mandate to exercise their responsibilities under that Agreement. 2. The financial year shall begin on 1 January and end on 31 December. ||

|| Article 1 FR

|| Subject matter

|| 1. This Regulation lays down the rules for the establishment and the implementation of the general budget of the European Union and the presentation and auditing of the accounts.

|| 2. This Regulation shall apply to the implementation of the budget for the Euratom Supply Agency.

|| Article 1 RAP Subject matter

|| This Regulation lays down the rules of application for Regulation (EC, Euratom) No 966/2012 (hereinafter «the Financial Regulation»).

|| Article 2 FR

|| Definitions

|| For the purposes of this Regulation:

|| (a) "Union" means the European Union, the European Atomic Energy Community, or both, as the context may require;

|| (b) "institution" means the European Parliament, the European Council, the Council, the European Commission, the Court of Justice of the European Union, the Court of Auditors, the European Economic and Social Committee, the Committee of the Regions, the European Ombudsman, the European Data Protection Supervisor and the European External Action Service (the "EEAS"); the European Central Bank shall not be considered as an institution of the Union;

|| (c) "budget" means the instrument which, for each financial year, forecasts and authorises all revenue and expenditure considered necessary for the Union;

|| (d) "basic act" means a legal act which provides a legal basis for an action and for the implementation of the corresponding expenditure entered in the budget.

|| A basic act may take any of the following forms:

|| (i) in implementation of the Treaty on the Functioning of the European Union (TFEU) and the Treaty establishing the European Atomic Energy Community (the Euratom Treaty), the form of a regulation, a directive or a decision within the meaning of Article 288 TFEU; or

|| (ii) in implementation of Title V of the Treaty on European Union (TEU), one of the forms specified in Articles 26(2), 28(1), 29, 31(2), 33 and 37 TEU.

|| Recommendations and opinions shall not constitute basic acts;

|| (e) "method of implementation" means the method of budget implementation described in Articles 58, 59 or 60;

|| (f) "delegation agreement" means an agreement concluded with entities and persons entrusted with budget implementation tasks pursuant to points (i) to (viii) of Article 58(1)(c);

|| (g) "beneficiary" means a natural or legal person with whom a grant agreement has been signed or to whom a grant decision has been notified;

|| (h) "contractor" means a natural or legal person with whom a procurement contract has been concluded;

|| (i) "recipient" means a beneficiary, contractor, or any natural or legal person that receives prizes or funds under a financial instrument;

|| (j) "prize" means a financial contribution given as a reward following a contest.

|| (k) "loan" means an agreement which obliges the lender to make available to the borrower an agreed sum of money for an agreed period of time and under which the borrower is obliged to repay that amount within the agreed time;

|| (l) "guarantee" means a written commitment to assume responsibility for all or part of a third party's debt or obligation or for the successful performance by that third party of its obligations if an event occurs which triggers such guarantee, such as a loan default;

|| (m) "equity investment" means the provision of capital to a firm, invested directly or indirectly in return for total or partial ownership of that firm and where the equity investor may assume some management control of the firm and may share the firm's profits;

|| (n) "quasi-equity investment" means a type of financing that ranks between equity and debt, having a higher risk than senior debt and a lower risk than common equity. Quasi-equity investments can be structured as debt, typically unsecured and subordinated and in some cases convertible into equity, or as preferred equity;

|| (o) "risk-sharing instrument" means a financial instrument which allows for the sharing of a defined risk between two or more entities, where appropriate in exchange for an agreed remuneration;

|| (p) "financial instruments" means Union measures of financial support provided on a complementary basis from the budget in order to address one or more specific policy objectives of the Union. Such instruments may take the form of equity or quasi-equity investments, loans or guarantees, or other risk-sharing instruments, and may, where appropriate, be combined with grants;

|| (q) "Staff Regulations" means the Staff Regulations of Officials of the European Union and the Conditions of Employment of Other Servants of the European Union laid down in Council Regulation (EEC, Euratom, ECSC) No 259/68[1];

|| (r) "control" means any measure taken to provide reasonable assurance regarding the effectiveness, efficiency and economy of operations, the reliability of reporting, the safeguarding of assets and information, the prevention and detection and correction of fraud and irregularities and their follow-up, and the adequate management of the risks relating to the legality and regularity of the underlying transactions, taking into account the multiannual character of programmes as well as the nature of the payments concerned. Controls may involve various checks, as well as the implementation of any policies and procedures to achieve the objectives described in the first sentence;

|| (s) "check" means the verification of a specific aspect of a revenue or expenditure operation.

|| Article 3 FR

|| Compliance of secondary legislation with this Regulation

|| 1. Provisions concerning the implementation of the revenue and expenditure of the budget, and contained in a basic act, shall respect the budgetary principles set out in Title II of Part One.

|| 2. Without prejudice to paragraph 1, any proposal or amendment to a proposal submitted to the legislative authority containing derogations from provisions other than those in Title II of Part One or from delegated acts adopted pursuant to this Regulation shall clearly indicate such derogations and shall state the specific reasons justifying them in the recitals and in the explanatory memorandum of such proposals.

|| Article 3 11th EDF FR Periods, dates and time limits Unless otherwise provided, Council Regulation (EEC, Euratom) No 1182/71[2] shall apply to deadlines set by this Regulation.

|| Article 4 FR[inspiring Article 3 11th EDF FR]

|| Periods, dates and time limits

|| Unless otherwise provided, Council Regulation (EEC, Euratom) No 1182/71 of 3 June 1971 determining the rules applicable to periods, dates and time limits[3] shall apply to deadlines set by this Regulation.

|| Article 4 11th EDF FR Protection of personal data This Regulation is without prejudice to the requirements of Directive 95/46/EC of the European Parliament and of the Council and to the requirements of Regulation (EC) No 45/2001 of the European Parliament and of the Council . Article 29 of Delegated Regulation (EU) No 1268/2012 concerning information on transfers of personal data for audit purposes shall apply.

|| Article 5 FR[inspiring Article 4 11th EDF FR]

|| Protection of personal data

|| This Regulation is without prejudice to the requirements of Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data[4] and of Regulation (EC) No 45/2001.

TITLE II FINANCIAL PRINCIPLES Article 6 EDF resources shall be established and implemented in compliance with the following principles as set out in this Regulation: (a) financial accuracy; (b) unit of account; (c) specification; (d) sound financial management; (e) transparency. || TITLE II FINANCIAL PRINCIPLES Article 5 11th EDF FR Financial principles The 11th EDF resources shall be implemented in compliance with the following principles: (a) unity and budgetary accuracy; (b) unit of account; (c) universality; (d) specification; (e) sound financial management; (f) transparency.

|| TITLE II BUDGETARY PRINCIPLES

|| Article 6 FR

|| Respect for budgetary principles

|| The budget shall be established and implemented in accordance with the principles of unity, budgetary accuracy, annuality, equilibrium, unit of account, universality, specification, sound financial management which requires effective and efficient internal control, and transparency as set out in this Regulation.

CHAPTER 1 Principle of financial accuracy Article 7 1. No revenue shall be collected and no expenditure effected unless booked to an allocation of the EDF. 2. No expenditure may be committed or authorised in excess of the allocations. 3. Interest yielded by the funds which are the property of the EDF shall be entered as EDF revenue. Article 8 1. Interest generated by pre-financing payments shall be assigned to the programme or the action concerned and deducted from the payment of the balance of the amounts due to the beneficiary. 2. Interest shall not be due to the Communities in the following cases: (a) pre-financing which does not represent a significant amount; (b) pre-financing paid under a procurement contract within the meaning of Article 91; (c) advances paid to members of the institutions and to staff in accordance with the Staff Regulations of officials of the European Communities and the Conditions of employment of other servants of the European Communities (the Staff Regulations); (d) pre-financing paid in the framework of joint management as referred to in Article 20(1)(c). 3. Articles 3, 4 and 4a of Regulation (EC, Euratom) No 2342/2002 shall apply mutatis mutandis to the implementation of paragraphs 1 and 2. || Article 6 11th EDF FR Principle of unity and budgetary accuracy No revenue shall be collected and no expenditure effected unless booked to the EDF. Article 8(2) and (3) and the first subparagraph of Article 8(4) of Regulation (EU, Euratom) No 966/2012 shall apply.

|| CHAPTER 1 Principles of unity and budgetary accuracy

|| Article 7 FR

|| Scope of the budget

|| 1. The budget shall comprise:

|| (a) the revenue and expenditure of the Union, including administrative expenditure occasioned for the institutions by the provisions of the TEU relating to the Common Foreign and Security Policy, and the operational expenditure occasioned by implementation of those provisions where this is charged to the budget;

|| (b) the revenue and expenditure of the European Atomic Energy Community.

|| 2. The budget shall record the guarantees for borrowing-and-lending operations entered into by the Union, including the European Financial Stability Mechanism and Balance of Payment Facility operations, in accordance with point (d) of Article 49(1).

|| Article 8 FR

|| Specific rules on the principles of unity and budgetary accuracy

|| 1. Without prejudice to Article 83, no revenue shall be collected and no expenditure effected unless booked to a line in the budget.

|| 2. No expenditure may be committed or authorised in excess of the authorised appropriations.

|| 3. An appropriation may be entered in the budget only if it is for an item of expenditure considered necessary.

|| 4. Interest generated by pre-financing payments made from the budget shall not be due to the Union except as otherwise provided for in the delegation agreements, with the exception of those agreements concluded with third countries or the bodies they have designated. In cases in which it is provided for, such interest shall either be re-used for the corresponding action, deducted from payment requests in accordance with point (c) of the first subparagraph of Article 23(1) or recovered.

|| The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on the accounting of interest generated by pre-financing payments.

|| Article 2 RAP Accounting for interest yielded on pre‑financing (Article 8(4) of the Financial Regulation)

|| Where interest is due to the budget, the agreement concluded with the entities or persons listed in points (ii) to (viii) of Article 58(1)(c) of the Financial Regulation shall stipulate that pre‑financing is paid to bank accounts or sub-accounts which allow the funds and related interest to be identified. Otherwise, the accounting methods of the recipients or intermediaries must make it possible to identify the funds paid by the Union and the interest or other benefits yielded by those funds.

|| Provisions of this Regulation concerning interest on pre-financing shall be without prejudice to the entry of pre‑financing on the assets side of financial statements, as laid down in the accounting rules referred to in Article 143 of the Financial Regulation.

|| CHAPTER 2 Principle of annuality

|| Article 9 FR

|| Definition

|| The appropriations entered in the budget shall be authorised for a financial year which shall run from 1 January to 31 December.

|| Article 10 FR

|| Type of appropriations

|| 1. The budget shall contain differentiated appropriations, which consist of commitment appropriations and payment appropriations, and non-differentiated appropriations.

|| 2. Commitment appropriations shall cover the total cost of the legal commitments entered into during the financial year, subject to Article 86(4) and Article 189(2).

|| 3. Payment appropriations shall cover payments made to honour the legal commitments entered into in the financial year or preceding financial years.

|| 4. Paragraphs 1 and 2 of this Article are without prejudice to the special provisions of Titles I, IV and VI of Part Two and shall not prevent appropriations being committed globally or budgetary commitments being made in annual instalments.

|| Article 11 FR

|| Accounting for revenue and appropriations

|| 1. The revenue of a financial year shall be entered in the accounts for the financial year on the basis of the amounts collected during that financial year. However, the own resources for the month of January of the following financial year may be made available in advance pursuant to Council Regulation (EC, Euratom) No 1150/2000 of 22 May 2000 implementing Decision 2007/436/EC, Euratom on the system of the European Communities' own resources[5].

|| 2. The entries in respect of value-added-tax own resources, of the additional resource based on gross national income and of any financial contributions may be adjusted in accordance with Regulation (EC, Euratom) No 1150/2000.

|| 3. The appropriations authorised for a financial year shall be used solely to cover expenditure committed and paid in that financial year and to cover amounts due against commitments from preceding financial years.

|| The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules for appropriations for the financial year.

|| 4. Commitments shall be entered in the accounts on the basis of the legal commitments entered into up to 31 December. By way of exception, the global budgetary commitments referred to in Article 86(4) and the financing agreements referred to in Article 189(2) and concluded with third countries shall be entered in the accounts on the basis of the budgetary commitments up to 31 December.

|| 5. Payments shall be entered in the accounts for a financial year on the basis of the payments effected by the accounting officer by 31 December of that year.

|| 6. By way of derogation from paragraphs 3, 4 and 5, the expenditure of the European Agricultural Guarantee Fund shall be entered in the accounts for a financial year in accordance with the rules laid down in Title I of Part Two.

|| Article 3 RAP Appropriations for the financial year (Article 11(3) of the Financial Regulation)

|| The commitment appropriations and payment appropriations authorised for the financial year shall consist of:

|| (a) appropriations provided in the budget, including by amending budgets;

|| (b) appropriations carried over;

|| (c) appropriations made available again in accordance with Articles 178 and 182 of the Financial Regulation;

|| (d) appropriations arising from pre-financing payments which have been repaid in accordance with Article 177(3) of the Financial Regulation ;

|| (e) appropriations provided following the receipt of revenue assigned during the financial year or during previous financial years and not used.

|| Article 12 FR

|| Commitment of appropriations

|| The appropriations entered in the budget may be committed with effect from 1 January, once the budget has been definitively adopted, except as otherwise provided for in Title I and Title VI of Part Two.

|| Article 13 FR

|| Cancellation and carry-over of appropriations

|| 1. Appropriations which have not been used by the end of the financial year for which they were entered shall be cancelled.

|| However, they may be carried over, but only to the following financial year, by a decision taken by 15 February by the institution concerned, in accordance with paragraphs 2 and 3, or they may be carried over automatically in accordance with paragraph 4.

|| 2. Differentiated commitment appropriations and non-differentiated appropriations not yet committed at the end of the financial year may be carried over in respect of:

|| (a) amounts corresponding to commitment appropriations, or to non-differentiated appropriations relating to building projects, for which most of the preparatory stages of the commitment procedure have been completed by 31 December. Such amounts may then be committed up to 31 March of the following year, or up to 31 December of the following year for amounts relating to building projects;

|| (b) amounts which are necessary when the legislative authority has adopted a basic act in the final quarter of the financial year and the Commission has been unable to commit the appropriations provided for this purpose by 31 December.

|| 3. Payment appropriations may be carried over in respect of amounts needed to cover existing commitments or commitments linked to commitment appropriations carried over, where the payment appropriations provided for in the relevant budget lines for the following financial year are not sufficient to cover requirements.

|| The institution concerned shall first use the appropriations authorised for the current financial year and shall not use the appropriations carried over until the former are exhausted.

|| 4. Non-differentiated appropriations corresponding to obligations duly contracted at the end of the financial year shall be carried over automatically to the following financial year only.

|| 5. The institution concerned shall inform the European Parliament and the Council by 15 March of the carry-over decision it has taken and shall state, for each budget line, how the criteria in paragraphs 2 and 3 have been applied to each carry-over.

|| 6. Without prejudice to Article 14, appropriations placed in reserve and appropriations for staff expenditure shall not be carried over. For the purpose of this Article, staff expenditure comprises the remuneration and allowances for members and staff of the institutions to which the Staff Regulations apply.

|| 7. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules for the cancellation and carry-over of appropriations.

|| Article 4 RAP Cancellation and carryover of appropriations (Article 13(2)of the Financial Regulation)

|| 1. The commitment appropriations and the non-differentiated appropriations relating to building projects referred to in Article 13(2)(a) of the Financial Regulation may be carried over only if the commitments could not be made before 31 December of the financial year for reasons not attributable to the authorising officer and if the preparatory stages are sufficiently advanced to make it reasonable to surmise that the commitment will be made by no later than 31 March of the following year, or 31 December for building projects.

|| 2. The preparatory stages referred to in Article 13(2)(a) of the Financial Regulation, which should be completed by 31 December of the financial year in order to allow a carryover to the following year, are in particular:

|| (a) for global commitments within the meaning of Article 85 of the Financial Regulation, the adoption of a financing decision or the closing by that date of the consultation of the departments concerned within each institution for the adoption of the decision;

|| (b) for individual commitments within the meaning of Article 85 of the Financial Regulation, the completion of the selection of potential contractors, beneficiaries, prize winners or delegatees.

|| 3. Appropriations carried over in accordance with Article 13(2)(a) of the Financial Regulation which have not been committed by 31 March of the following financial year or up to 31 December of the following year for amounts relating to building projects shall be automatically cancelled.

|| The Commission shall inform the European Parliament and Council of the appropriations cancelled in this way within one month following the cancellation in accordance with the first subparagraph.

|| 4. Appropriations carried over in accordance with Article 13(2)(b) of the Financial Regulation may be used until 31 December of the following financial year.

|| 5. The accounts shall identify appropriations carried over in accordance with paragraphs 1 to 4.

|| Article 14 FR

|| Carry-over rules for assigned revenue

|| Carry-over of assigned revenue referred to in Article 21, and of appropriations not used and available at 31 December arising from such revenue, shall comply with the following rules:

|| (a) external assigned revenue shall be carried over automatically and shall be fully used by the time all the operations relating to the programme or action to which it is assigned have been carried out. External assigned revenue received during the last year of the programme or action may be used in the first year of the succeeding programme or action;

|| (b) internal assigned revenue shall be carried over for one year only, with the exception of internal assigned revenue defined in point (g) of Article 21(3), which shall be carried over automatically.

|| Article 15 FR

|| Decommitment of appropriations

|| Without prejudice to Articles 178 and 182, where appropriations are decommitted in any financial year after that in which the appropriations were entered in the budget as a result of total or partial non-implementation of the actions for which they were earmarked, the appropriations concerned shall be cancelled.

|| Article 16 FR

|| Rules applicable in the event of late adoption of the budget

|| 1. If the budget has not been definitively adopted at the beginning of the financial year, the procedure set out in the first paragraph of Article 315 TFEU (the provisional twelfths regime) shall apply. Commitments and payments may be made within the limits laid down in paragraph 2 of this Article.

|| 2. Commitments may be made per chapter up to a maximum of one quarter of the total appropriations authorised in the relevant chapter of the previous financial year plus one twelfth for each month which has elapsed.

|| The limit of the appropriations provided for in the draft budget shall not be exceeded.

|| Payments may be made monthly per chapter up to a maximum of one twelfth of the appropriations authorised in the relevant chapter of the preceding financial year. That sum shall not, however, exceed one twelfth of the appropriations provided for in the same chapter of the draft budget.

|| 3. The appropriations authorised in the relevant chapter of the preceding financial year, as specified in paragraphs 1 and 2, shall be understood as referring to the appropriations voted in the budget, including by amending budgets, and after adjustment for the transfers made during that financial year.

|| 4. If the continuity of action by the Union and management needs so require, the Council, acting by qualified majority on a proposal of the Commission, may authorise expenditure in excess of one provisional twelfth but not exceeding the total of four provisional twelfths, except in duly justified cases, both for commitments and for payments over and above those automatically made available in accordance with paragraphs 1 and 2. It shall forward the decision on authorisation without delay to the European Parliament.

|| The decision shall enter into force 30 days following its adoption unless the European Parliament:

|| (a) acting by a majority of its component Members, decides to reduce that expenditure within that time limit, in which case the Commission shall submit a new proposal;or

|| (b) informs the Council and the Commission that it does not wish to reduce that expenditure, in which case the decision shall enter into force before the expiry of the 30 days.

|| The additional twelfths shall be authorised in full and shall not be divisible.

|| 5. If, for a given chapter, the authorisation of four provisional twelfths granted in accordance with paragraph 4 is not sufficient to cover the expenditure necessary to avoid a break in continuity of action by the Union in the area covered by the chapter in question, authorisation may exceptionally be given to exceed the amount of the appropriations entered in the corresponding chapter of the budget of the preceding financial year. The European Parliament and the Council shall act in accordance with the procedures provided for in paragraph 4. However, the overall total of the appropriations available in the budget of the preceding financial year or in the draft budget, as proposed, may in no circumstances be exceeded.

|| CHAPTER 3 Principle of equilibrium

|| Article 17 FR

|| Definition and scope

|| 1. Revenue and payment appropriations shall be in balance.

|| 2. The Union and the bodies referred to in Article 208, may not raise loans within the framework of the budget.

|| Article 18 FR

|| Balance from financial year

|| 1. The balance from each financial year shall be entered in the budget for the following financial year as revenue in the case of a surplus or as a payment appropriation in the case of a deficit.

|| 2. The estimates of such revenue or payment appropriations shall be entered in the budget during the budgetary procedure and in a letter of amendment presented pursuant to Article 39. The estimates shall be drawn up in accordance with Regulation (EC, Euratom) No 1150/2000.

|| 3. After the presentation of the provisional accounts for each financial year, any discrepancy between those accounts and the estimates shall be entered in the budget for the following financial year through an amending budget devoted solely to that discrepancy. In such a case, the Commission shall submit the draft amending budget simultaneously to the European Parliament and the Council within 15 days of submission of the provisional accounts.

CHAPTER 2 Principle of the unit of account Article 9 1. EDF resources shall be drawn up and implemented in euro and the accounts shall be presented in euro. However, for the treasury management purposes referred to in Article 39, the accounting officer may carry out operations in euro or in other currencies. 2. Articles 7 and 8 of Regulation (EC, Euratom) No 2342/2002 shall apply mutatis mutandis to the implementation of paragraph 1. || Article 7 11th EDF FR Principle of unit of account Article 19 of Regulation (EU, Euratom) No 966/2012 on the use of the euro shall apply mutatis mutandis.

|| CHAPTER 4[6] Principle of unit of account

|| Article 19 FR

|| Use of euro

|| 1. The multiannual financial framework and the budget shall be drawn up and implemented in euro and the accounts shall be presented in euro. However, for the cash-flow purposes referred to in Article 68(1), the accounting officer and, in the case of imprest accounts, the imprest administrators, and, for the needs of the administrative management of the Commission and the EEAS, the authorising officer responsible, shall be authorised to carry out operations in other currencies as laid down in the delegated acts adopted pursuant to this Regulation.

|| 2. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on the rate of conversion between euro and other currencies.

|| Article 5 RAP Rate of conversion between the euro and other currencies (Article 19 of the Financial Regulation)

|| 1. Without prejudice to specific provisions arising from the application of sector-specific regulations, conversion by the responsible authorising officer shall be made using the daily euro exchange rate published in the C series of the Official Journal of the European Union.

|| Where conversion between the euro and another currency is to be made by the contractors or beneficiaries, the specific arrangements for conversion contained in procurement contracts, grant agreements or financing agreements shall apply.

|| 2. In order to avoid that currency conversion operations have a significant impact on the level of the Union co-financing or a detrimental impact on the Union budget, the specific arrangements for conversion referred to in paragraph 1 shall provide, if appropriate, for a rate of conversion between the euro and other currencies to be calculated using the average of the daily exchange rate in a given period.

|| 3. If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, the responsible authorising officer shall use the accounting rate referred to in paragraph 4.

|| 4. For the purposes of the accounts provided for in Articles 151 to 156 of the Financial Regulation and subject to Article 240 of this Regulation, conversion between the euro and another currency shall be made using the monthly accounting rate of the euro. That accounting exchange rate shall be established by the Commission’s accounting officer by means of any source of information he regards as reliable, on the basis of the exchange rate on the penultimate working day of the month preceding that for which the rate is established.

|| 5. The results of the currency operations referred to in paragraph 4 of this Article shall be shown under a separate heading in the respective institution's accounts.

|| The first subparagraph of this paragraph shall apply mutatis mutandis to bodies referred to in Article 208 of the Financial Regulation.

|| Article 6 RAP Rate to be used for conversion between the euro and other currencies (Article 19 of the Financial Regulation)

|| 1. Without prejudice to specific provisions deriving from the application of sector-specific regulations, or from specific procurement contracts, grant agreements or grant decisions and financing agreements, the rate to be used for conversion between the euro and other currencies shall, in cases where the conversion is carried out by the responsible authorising officer, be that of the day on which the payment order or recovery order is drawn up by the authorising department.

|| 2. In case of euro imprest accounts, the rate to be used for the conversion between the euro and other currencies shall be determined by the date of the payment by the bank.

|| 3. For the regularisation of imprest accounts in national currencies, as referred to in Article 19 of the Financial Regulation, the rate to be used for the conversion between the euro and other currencies shall be that of the month of the expenditure from the imprest account concerned.

|| 4. For the reimbursement of flat-rate expenditure, or expenditure arising from the Staff Regulations of Officials of the European Union and the Conditions of Employment of Other Servants of the European Union (hereinafter “Staff Regulations”) which is fixed at a ceiling, and which is paid in a currency other than the euro, the rate to be used shall be that which is in force when the entitlement arises.

|| Article 8 11th EDF FR Principle of universality Without prejudice to Article 9, total revenue shall cover total estimated payments. All revenue and expenditure shall be entered in full without any adjustment against each other, without prejudice to Article 23 of Regulation (EU, Euratom) No 966/2012, concerning rules on deductions and exchange rate adjustments, which shall apply. However, the revenue referred to in Article 9(2)(c) of this Regulation shall automatically decrease payments made against the commitment from which it was generated.

|| CHAPTER 5[7] Principle of universality

|| Article 20 FR

|| Definition and scope

|| Without prejudice to Article 21, total revenue shall cover total payment appropriations. Without prejudice to Article 23, all revenue and expenditure shall be entered in full without any adjustment against each other.

Article 16 1. The Commission may manage financial contributions from Member States and other donor countries on their behalf, including in both cases their public and parastatal agencies, or from international organisations to certain projects or programmes financed by the EDF, in accordance with Article 9(1) and (2) of Regulation (EC) No 617/2007. 2. The Commission may also manage voluntary financial contributions from Member States in accordance with Article 9(4) and (5) of Regulation (EC) No 617/2007 and any specific arrangements laid down in relevant bilateral contribution agreements. 3. The additional resources as defined in paragraphs 1 and 2 shall be managed according to the same rules as the EDF resources. || Article 9 11th EDF FR Assigned revenue 1. Assigned revenue shall be used to finance specific items of expenditure. 2. The following shall constitute assigned revenue: (a) financial contributions from Member States and third countries, including in both cases their public agencies, entities or natural persons; and from international organisations to certain external aid projects or programmes financed by the Union and managed by the Commission or the EIB on their behalf in accordance with Article 10 of the [Implementation Regulation]; (b) revenue earmarked for a specific purpose, such as income from foundations, subsidies, gifts and bequests; (c) revenue arising from the repayment, following recovery, of amounts wrongly paid; (d) revenue generated by interest on pre-financing payments, subject to Article 8(4) of Regulation (EU, Euratom) No 966/2012; (e) repayments and revenues generated by financial instruments pursuant to Article 140(6) of Regulation (EU, Euratom) No 966/2012; (f) (revenue arising from subsequent reimbursement of taxes pursuant to Article 23(3)(b) of Regulation (EU, Euratom) No 966/2012. 3. Assigned revenue referred to in points (a) and (b) of paragraph 2 shall finance such items of expenditure as are determined by the donor provided that it is accepted by the Commission. Assigned revenue referred to in points (e) and (f) of paragraph 2 shall finance items of expenditure similar to those from which it was generated. 4. Article 184(3) of Regulation (EU, Euratom) No 966/2012 shall apply mutatis mutandis. 5. Article 22(1) and (2) of Regulation (EU, Euratom) No 966/2012 concerning donations shall apply to the assigned revenue referred to in point (b) of paragraph 2 of this Regulation. With regard to Article 22(2) of Regulation (EU, Euratom) No 966/2012, acceptance of a donation shall be subject to the authorisation of the Council. 6. The 11th EDF resources corresponding to assigned revenue shall be made available automatically when the revenue has been received by the Commission. However, an estimate of amounts receivable shall have the effect of making 11th EDF resources available in the case of assigned revenue referred to in point (a) of paragraph 2 where the agreement with the Member State is expressed in euro; payments may be carried out against this revenue only when it has been received.

|| Article 21 FR

|| Assigned revenue

|| 1. External assigned revenue and internal assigned revenue shall be used to finance specific items of expenditure.

|| 2. The following shall constitute external assigned revenue:

|| (a) financial contributions from Member States to certain research programmes pursuant to Regulation (EC, Euratom) No 1150/2000;

|| (b) financial contributions from Member States and third countries, including in both cases their public agencies, entities or natural persons, to certain external aid projects or programmes financed by the Union and managed by the Commission on their behalf;

|| (c) interest on deposits and the fines provided for in Council Regulation (EC) No 1467/97 of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure[8];

|| (d) revenue earmarked for a specific purpose, such as income from foundations, subsidies, gifts and bequests, including the earmarked revenue specific to each institution;

|| (e) financial contributions, not covered by point (b), to Union activities from third countries or from non-Union bodies;

|| (f) assigned revenue referred to in Articles 181(2) and 183(2);

|| (g) internal assigned revenue referred to in paragraph 3, to the extent that it is ancillary to the other revenue under this paragraph.

|| 3. The following shall constitute internal assigned revenue:

|| (a) revenue from third parties in respect of goods, services or work supplied at their request;

|| (b) proceeds from the sale of vehicles, equipment, installations, materials, and scientific and technical apparatus which are replaced or scrapped when the book value is fully depreciated;

|| (c) revenue arising from the repayment, in accordance with Article 80, of amounts wrongly paid;

|| (d) revenue arising from interest on pre-financing payments, subject to Article 8(4);

|| (e) proceeds from the supply of goods, services and works for other departments within an institution, institutions or bodies, including refunds by other institutions or bodies of mission allowances paid on their behalf;

|| (f) insurance payments received;

|| (g) revenue from lettings;

|| (h) revenue from the sale of publications and films, including those on an electronic medium;

|| (i) repayments to financial instruments pursuant to Article 140(6);

|| (j) revenue arising from subsequent reimbursement of taxes pursuant to point (b) of Article 23(3).

|| 4. A basic act may also assign the revenue for which it provides to specific items of expenditure. Unless specified otherwise in the basic act, such revenue shall constitute internal assigned revenue.

|| 5. The budget shall include lines to accommodate external assigned revenue and internal assigned revenue and wherever possible shall indicate the amount.

|| Assigned revenue may be included in the draft budget only for the amounts which are certain at the date of the establishment of the draft budget.

|| 6. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning the establishment of the structure to accommodate external and internal assigned revenue and the provision of the corresponding appropriations, and concerning rules for the contribution from Member States to research programmes. Furthermore, the Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning the proceeds of sanctions imposed pursuant to Article 126(11) TFEU, and concerning assigned revenue resulting from the participation of EFTA states in certain Union programmes.

|| Article 7 RAP Structure to accommodate assigned revenue and provision of corresponding appropriations (Article 21 of the Financial Regulation)

|| 1. Without prejudice to Articles 9 and 10, the structure to accommodate assigned revenue in the budget shall comprise:

|| (a) in the statement of revenue of each institution's section, a budget line to receive the revenue;

|| (b) in the statement of expenditure, the budget remarks, including general remarks, shall show which lines may receive the appropriations corresponding to the assigned revenue which are made available.

|| In the case referred to in point (a) of the first subparagraph, a token entry "pro memoria" shall be made and the estimated revenue shall be shown for information in the remarks.

|| 2. The appropriations corresponding to assigned revenue shall be made available automatically, both as commitment appropriations and as payment appropriations, when the revenue has been received by the institution, save in any of the following cases:

|| (a) in cases provided for in Article 181(2) and 183(2) of the Financial Regulation;

|| (b) in the case provided for in Article 21(2)(b) of the Financial Regulation for Member States where the contribution agreement is expressed in euro.

|| In the case referred to in point (b) of the first subparagraph, commitment appropriations may be made available upon signature by the Member State of the contribution agreement.

|| Article 8 RAP Contributions from Member States to research programmes (Article 21(2)(a) of the Financial Regulation)

|| 1. The Member States' contributions to the financing of certain supplementary research programmes, provided for in Article 5 of Council Regulation (EC, Euratom) No 1150/2000[9] shall be paid as follows:

|| (a) seven twelfths of the sum entered in the budget shall be paid by no later than 31 January of the current financial year;

|| (b) the remaining five twelfths shall be paid by no later than 15 July of the current financial year.

|| 2. Where the budget has not been finally adopted before the start of a financial year, the contributions provided for in paragraph 1 shall be based on the sum entered in the budget for the previous financial year.

|| 3. Any contribution or additional payment owed by the Member States to the budget shall be entered in the Commission's account or accounts within thirty calendar days of the call for funds.

|| 4. Payments made shall be entered in the account provided for in Regulation (EC, Euratom) No 1150/2000 and shall be subject to the conditions laid down by that Regulation.

|| Article 9 RAP Assigned revenue resulting from the participation of EFTA States in certain Union programmes (Article 21(2)(e) of the Financial Regulation)

|| 1. The budget structure to accommodate the participation of the Member States of the European Free Trade Association (hereinafter "EFTA States") in certain Union programmes shall be as follows:

|| (a) in the statement of revenue, a line with a token entry "pro memoria" shall be entered to accommodate the full amount of the EFTA States' contribution for the financial year in question.

|| (b) in the statement of expenditure:

|| (i) the remarks for each line relating to the Union activities in which the EFTA States participate shall show «for information» the estimated amount of the participation;

|| (ii) an annex, forming an integral part of the budget, shall set out all the lines covering the Union activities in which the EFTA States participate.

|| For the purposes of point (a) of the first subparagraph the estimated amount shall be shown in the budget remarks.

|| The annex referred to in point (b)(ii) of the first subparagraph reflects and is part of the structure to accommodate the appropriations corresponding to such participation, as provided for in paragraph 2, and to allow the expenditure to be implemented.

|| 2. Under Article 82 of the Agreement on the European Economic Area (hereinafter "EEA Agreement") the amounts of the annual participation of the EFTA States, as confirmed to the Commission by the Joint Committee of the European Economic Area in accordance with Article 1(5) of Protocol 32 annexed to the EEA Agreement, shall give rise to the provision, at the start of the financial year, of the full amounts of the corresponding commitment appropriations and payment appropriations.

|| 3. If, in the course of the financial year, additional appropriations are provided on the budget lines with EFTA State participation without the EFTA States being able, during that year, to adjust their contributions accordingly in order to comply with the «proportionality factor» provided for in Article 82 of the EEA Agreement, the Commission may, as a provisional and exceptional measure, use its cash resources to pre-finance the share of the EFTA States. Whenever such additional appropriations are provided, the Commission shall, as soon as possible, call in the corresponding contributions from the EFTA States. The Commission shall inform the European Parliament and Council each year of any such decisions taken.

|| The pre-financing shall be regularised as soon as possible in the budget for the following financial year.

|| 4. In accordance with Article 21(2)(e) of the Financial Regulation, the financial contributions of the EFTA States shall constitute external assigned revenue. The accounting officer shall adopt appropriate measures to ensure that use of the revenue arising from those contributions and of the corresponding appropriations is monitored separately.

|| In the report provided for in Article 150(2) of the Financial Regulation, the Commission shall show separately the stage of implementation, in both revenue and expenditure, corresponding to EFTA State participation.

|| Article 10 RAP Proceeds of sanctions imposed on Member States declared to have an excessive deficit (Article 21(2)(c) of the Financial Regulation)

|| The budget structure to accommodate the proceeds of the sanctions referred to in Section 4 of Council Regulation (EC) No 1467/97[10] shall be as follows:

|| (a) in the statement of revenue, a line carrying a token entry "pro memoria" shall be entered to accommodate the interest on such amounts;

|| (b) at the same time, and without prejudice to Article 77 of the Financial Regulation, entry of those amounts in the statement of revenue shall give rise to the provision, in the statement of expenditure, of commitment appropriations and payment appropriations.

|| The appropriations referred to in point (b) of the first subparagraph shall be implemented in accordance with Article 20 of the Financial Regulation.

|| Article 22 FR

|| Donations

|| 1. The Commission may accept any donation made to the Union, such as foundations, subsidies, gifts and bequests.

|| 2. Acceptance of a donation of a value of EUR 50000 or more which involves a financial charge, including follow-up costs, exceeding 10 % of the value of the donation made, shall be subject to the authorisation of the European Parliament and of the Council, both of which shall act on the matter within two months of receiving the request from the Commission. If no objection is made within that period, the Commission shall take a final decision regarding the acceptance of the donation.

|| 3. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on the acceptance of donations made to the Union.

|| Article 11 RAP Charges entailed by acceptance of donations to the Union (Article 22 of the Financial Regulation)

|| For the purposes of the authorisation of the European Parliament and of the Council referred to in Article 22(2) of the Financial Regulation, the Commission shall estimate and duly explain the financial charges, including follow-up costs, entailed by the acceptance of donations made to the Union.

|| Article 23 FR

|| Rules on deductions and exchange rate adjustments

|| 1. The following deductions may be made from payment requests which shall then be passed for payment of the net amount:

|| (a) penalties imposed on parties to procurement contracts or beneficiaries;

|| (b) discounts, refunds and rebates on individual invoices and cost statements;

|| (c) interest generated by pre-financing payments;

|| (d) adjustments for amounts unduly paid.

|| The adjustments referred to in point (d) of the first subparagraph may be made, by means of direct deduction, against a new interim payment or payment of a balance to the same payee under the chapter, article and financial year in respect of which the excess payment was made.

|| Union accounting rules shall apply to the deductions referred to in points (c) and (d) of the first subparagraph.

|| 2. The cost of products or services, provided to the Union, incorporating taxes refunded by the Member States pursuant to the Protocol on the Privileges and Immunities of the European Union, shall be charged to the budget for the ex-tax amount.

|| 3. The cost of products or services, provided to the Union, incorporating taxes refunded by third countries on the basis of relevant agreements, may be charged to the budget for:

|| (a) the ex-tax amount; or

|| (b) the tax-inclusive amount. In such a case, subsequently reimbursed taxes shall be treated as internal assigned revenue.

|| 4. Adjustments may be made in respect of exchange differences occurring in the implementation of the budget. The final gain or loss shall be included in the balance for the year.

|| 5. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on the accounts for recoverable taxes.

|| Article 12 RAP Accounts for recoverable taxes (Article 23(3) of the Financial Regulation)

|| Any taxes borne by the Union under Article 23(2) and 23(3)(a) of the Financial Regulation shall be entered in a suspense account until they are refunded by the States concerned.

CHAPTER 3 Principle of specification Article 10 EDF resources shall be earmarked for specific purposes according to the main instruments of cooperation, as described in the Financial Protocol of the ACP-EC Agreement and in the Overseas Association Decision. In respect of the ACP States, those instruments are laid down by the Financial Protocol set out in Annex Ib to the ACP-EC Agreement. Earmarking of resources shall also be based on the provisions of the Internal Agreement and shall take account of the resources reserved for support expenditure linked to programming and implementation under Article 6 thereof. In respect of the OCTs, those instruments are laid down in Annex IIA bis to the Overseas Association Decision. Earmarking of those resources shall also take account of the non-allocated reserve provided for in Article 3(4) of that Annex and of the resources reserved for studies or technical assistance measures under Article 1(1)(c) thereof. || Article 10 11th EDF FR Principle of specification 11th EDF resources shall be earmarked for specific purposes per the ACP States or OCTs and according to the main instruments of cooperation. In respect of the ACP States, those instruments are laid down by the Financial Protocol set out in Annex Ic to the Cotonou Agreement. Earmarking of resources (indicative allocations) shall also be based on the provisions of the Internal Agreement and of the Implementation Regulation and shall take account of the resources reserved for support expenditure linked to programming and implementation under Article 6 of the Internal Agreement. In respect of the OCTs, those instruments are laid down in Part Four of the Overseas Association Decision and Annex II thereto. Earmarking of those resources shall also take into account the non-allocated reserve provided for in Article 3(3) of that Annex and the resources for studies or technical assistance measures under Article 1(1)(c) thereof.

|| CHAPTER 6[11] Principle of specification

|| Article 24 FR

|| General provisions

|| Appropriations shall be earmarked for specific purposes by title and chapter. The chapters shall be further subdivided into articles and items.

|| Article 25 FR

|| Transfers by institutions other than the Commission

|| 1. Any institution other than the Commission may, within its own section of the budget, transfer appropriations:

|| (a) from one title to another up to a maximum of 10 % of the appropriations for the year shown on the line from which the transfer is made;

|| (b) from one chapter to another and from one article to another without limit.

|| 2. Three weeks before making a transfer, as referred to in paragraph 1, the institution shall inform the European Parliament and the Council of its intention to do so. In the event that duly justified reasons are raised within that period by either the European Parliament or the Council, the procedure laid down in Article 27 shall apply.

|| 3. Any institution other than the Commission may propose to the European Parliament and the Council, within its own section of the budget, transfers from one title to another exceeding the limit of 10 % of the appropriations for the year shown on the line from which the transfer is to be made. Those transfers shall be subject to the procedure laid down in Article 27.

|| 4. Any institution other than the Commission may, within its own section of the budget, make transfers within articles without informing the European Parliament and the Council beforehand.

|| 5. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on the calculation of percentages of transfers by institutions other than the Commission.

|| Article 13 RAP Rules concerning the calculation of percentages of transfers of the institutions other than the Commission (Article 25 of the Financial Regulation)

|| 1. The percentages referred to in Article 25 of the Financial Regulation shall be calculated at the time the request for transfer is made and with reference to the appropriations provided in the budget, including amending budgets.

|| 2. The amount to be taken into consideration shall be the sum of the transfers to be made on the line from which transfers are being made, after adjustment for earlier transfers made.

|| The amount corresponding to the transfers which can be carried out autonomously by the institution concerned without a decision of the European Parliament and Council shall not be taken into consideration.

|| Article 16 RAP Grounds for requests for transfers of appropriations (Articles 25 and 26 of the Financial Regulation)

|| Proposals for transfers and all information for the European Parliament and Council concerning transfers made under Articles 25 and 26 of the Financial Regulation shall be accompanied by appropriate and detailed supporting documents showing the implementation of appropriations and estimates of requirements up to the end of the financial year, both for the lines to which the appropriations are to be transferred and for those from which they are to be taken.

|| Article 26 FR

|| Transfers by the Commission

|| 1. The Commission may, within its own section of the budget, autonomously:

|| (a) transfer appropriations within each chapter;

|| (b) with regard to expenditure on staff and administration which is common to several titles, transfer appropriations from one title to another up to a maximum of 10 % of the appropriations for the year shown on the line from which the transfer is made, and up to a maximum of 30 % of the appropriations for the year shown on the line to which the transfer is made;

|| (c) with regard to operational expenditure, transfer appropriations between chapters within the same title, up to a maximum of 10 % of the appropriations for the year shown on the line from which the transfer is made.

|| Three weeks before making the transfers referred to in point (b) of the first subparagraph, the Commission shall inform the European Parliament and the Council of its intention to do so. In the event that duly justified reasons are raised within that period by the European Parliament or the Council, the procedure laid down in Article 27 shall apply.

|| By way of exception from the second subparagraph, the Commission may, during the last two months of the financial year, autonomously transfer appropriations concerning expenditure on staff, external staff and other agents from one title to another within the total limit of 5 % of the appropriations for the year. The Commission shall inform the European Parliament and the Council within two weeks after its decision on those transfers.

|| 2. The Commission may, within its own section of the budget, decide on the following transfer of appropriations from one title to another, provided it immediately informs the European Parliament and the Council of its decision:

|| (a) transfer of appropriations from the "provisions" title referred to in Article 46, where the only condition for lifting the reserve is the adoption of a basic act pursuant to Article 294 TFEU;

|| (b) in duly justified exceptional cases such as international humanitarian disasters and crises occurring after 1 December of the financial year, transfer unused appropriations for that financial year still available in the budget titles falling under heading 4 of the multiannual financial framework to the budget titles concerning crisis management aid and humanitarian aid operations.

|| 3. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on the calculation of percentages of internal transfers by the Commission, and grounds for transfer requests.

|| Article 14 RAP Rules concerning the calculation of percentages of transfers of the Commission (Article 26 of the Financial Regulation)

|| 1. The percentages referred to in Article 26(1) of the Financial Regulation shall be calculated at the time the request for transfer is made and with reference to the appropriations provided in the budget, including amending budgets.

|| 2. The amount to be taken into consideration shall be the sum of the transfers to be made on the line from which or to which transfers are being made, after adjustment for earlier transfers made.

|| The amount corresponding to the transfers which can be carried out autonomously by the Commission without a decision of the European Parliament and the Council shall not be taken into consideration.

|| Article 15 RAP Administrative expenditure (Article 26 of the Financial Regulation)

|| The expenditure referred to in point (b) of the first subparagraph of Article 26(1) of the Financial Regulation shall cover, for each policy area, the items referred to in Article 44(3) of the Financial Regulation.

|| Article 16 RAP Grounds for requests for transfers of appropriations (Articles 25 and 26 of the Financial Regulation)

|| Proposals for transfers and all information for the European Parliament and Council concerning transfers made under Articles 25 and 26 of the Financial Regulation shall be accompanied by appropriate and detailed supporting documents showing the implementation of appropriations and estimates of requirements up to the end of the financial year, both for the lines to which the appropriations are to be transferred and for those from which they are to be taken.

|| Article 27 FR

|| Transfer proposals submitted to the European Parliament and the Council by the institutions

|| 1. Each institution shall submit its transfer proposals simultaneously to the European Parliament and the Council.

|| 2. The European Parliament and the Council shall take decisions on transfers of appropriations as provided for in paragraphs 3 to 6 of this Article, except as otherwise provided for in Title I of Part Two.

|| 3. Except in urgent circumstances, the European Parliament and the Council, the latter acting by qualified majority, shall deliberate upon each transfer proposal within six weeks of its receipt by both institutions.

|| 4. The transfer proposal shall be approved, if, within the six-week period, any of the following occurs:

|| (a) the European Parliament and the Council approve it;

|| (b) either the European Parliament or the Council approves it and the other institution refrains from acting;

|| (c) the European Parliament and the Council refrain from acting or do not take a decision to amend or refuse the transfer proposal.

|| 5. The six-week period referred to in paragraph 3 shall be reduced to three weeks, unless either the European Parliament or the Council requests otherwise, in the following cases:

|| (a) the transfer represents less than 10 % of the appropriations of the line from which the transfer is made and does not exceed EUR 5000000;

|| (b) the transfer concerns only payment appropriations and the overall amount of the transfer does not exceed EUR 100000000.

|| 6. If either the European Parliament or the Council has amended the amount of the transfer while the other institution has approved it or refrains from acting, or if the European Parliament and the Council have both amended the amount of the transfer, the lesser of the two amounts shall be deemed approved, unless the institution concerned withdraws its transfer proposal.

|| Article 28 FR

|| Specific rules on transfers

|| 1. Appropriations may only be transferred to budget lines for which the budget has authorised appropriations or which carry a token entry "pro memoria".

|| 2. Appropriations corresponding to assigned revenue may be transferred only if such revenue is used for the purpose for which it is assigned.

|| Article 29 FR

|| Transfers subject to special provisions

|| 1. Transfers within the titles of the budget devoted to the European Agricultural Guarantee Fund, the Structural Funds, the Cohesion Fund, the European Fisheries Fund, the European Agricultural Fund for Rural Development and Research shall be the subject of special provisions under Titles I, II and III of Part Two.

|| 2. Decisions on transfers to allow the use of the Emergency Aid Reserve shall be taken by the European Parliament and the Council on a proposal from the Commission. A separate proposal shall be submitted for each emergency action.

|| For the purposes of this paragraph, the procedure provided for in Article 27(3) and 27(4) shall apply. If the European Parliament and the Council do not agree to the Commission proposal and cannot reach a common position on the use of this reserve, they shall refrain from acting on the Commission's transfer proposal.

|| 3. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on requests for transfers from the Emergency Aid Reserve.

|| Article 17 RAP Grounds for requests for transfers from the emergency aid reserve (Article 29 of the Financial Regulation)

|| Proposals for transfers to allow the utilisation of the emergency aid reserve, referred to in Article 29 of the Financial Regulation, shall be accompanied by appropriate and detailed supporting documents showing:

|| (a) for the line to which the transfer is to be made, the most recent information available for the implementation of appropriations and the estimate of requirements up to the end of the financial year;

|| (b) for all lines relating to external action, the implementation of appropriations up to the end of the month preceding the request for transfer and an estimate of requirements up to the end of the financial year, including a comparison with the initial estimate;

|| (c) an analysis of the possibilities of reallocating appropriations.

CHAPTER 4 Principle of sound financial management Article 11 1. EDF resources shall be used in accordance with the principles of sound financial management, namely in accordance with the principles of economy, efficiency and effectiveness. 2. The principle of economy requires that the resources used for the pursuit of activities shall be made available in due time, in appropriate quantity and quality and at the best price. The principle of efficiency is concerned with the best relationship between resources employed and results achieved. The principle of effectiveness is concerned with attaining the specific objectives set and achieving the intended results. 3. Specific, measurable, achievable, relevant and timed objectives shall be set. The achievement of those objectives shall be monitored by performance indicators. Article 12 In order to improve decision-making, in particular to justify and specify the determination of the contributions to be paid by Member States referred to in Article 57, the following evaluations are required: (a) the use of EDF resources shall be preceded by an ex ante evaluation of the operation to be undertaken; (b) the operation shall be submitted to an ex post evaluation with a view to ensuring that the intended results justify the means deployed. || Article 11 11th EDF FR Principle of sound financial management 1. Article 30(1) and (2) of Regulation (EU, Euratom) No 966/2012 concerning the principles of economy, efficiency and effectiveness shall apply. Article 18 of Delegated Regulation (EU) No 1268/2012 shall not apply. 2. Specific, measurable, achievable, relevant and timed objectives shall be set. The achievement of those objectives shall be monitored by performance indicators. 3. In order to improve decision-making, in particular to justify and specify the determination of the contributions to be paid by Member States referred to in Article 21, the following evaluations are required: (a) the use of 11th EDF resources shall be preceded by an ex ante evaluation of the operation to be undertaken covering the elements listed in Article 18(1) of Delegated Regulation (EU) No 1268/2012; (b) the operation shall be submitted to an ex post evaluation with a view to ensuring that the intended results justified the means deployed. 4. The funding instruments provided for in Title VIII and the methods of implementation provided for in Article 17 shall be chosen on the basis of their ability to achieve the specific objectives of the actions and their ability to deliver results, taking into account, in particular, the costs of controls, the administrative burden, and the expected risk of non-compliance. For grants, this shall include a consideration of the use of lump sums, flat rates and unit costs.

|| CHAPTER 7[12] Principle of sound financial management

|| Article 30 FR

|| Principles of economy, efficiency and effectiveness

|| 1. Appropriations shall be used in accordance with the principle of sound financial management, namely in accordance with the principles of economy, efficiency and effectiveness.

|| 2. The principle of economy requires that the resources used by the institution in the pursuit of its activities shall be made available in due time, in appropriate quantity and quality and at the best price.

|| The principle of efficiency concerns the best relationship between resources employed and results achieved.

|| The principle of effectiveness concerns the attainment of the specific objectives set and the achievement of the intended results.

|| 3. Specific, measurable, achievable, relevant and timed objectives shall be set for all sectors of activity covered by the budget. The achievement of those objectives shall be monitored by performance indicators for each activity, and the information referred to in point (e) of Article 38(3) shall be provided by the spending authorities to the European Parliament and the Council. That information shall be provided annually and at the latest in the documents accompanying the draft budget.

|| 4. In order to improve decision-making, institutions shall undertake both ex ante and ex post evaluations in line with guidance provided by the Commission. Such evaluations shall be applied to all programmes and activities which entail significant spending and evaluation results shall be disseminated to the European Parliament, the Council and spending administrative authorities.

|| 5. The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on ex ante, mid-term and ex post evaluations.

|| Article 18 RAP Evaluation (Article 30 of the Financial Regulation)

|| 1. All proposals for programmes or activities occasioning budget expenditure shall be the subject of an ex ante evaluation, which shall address:

|| (a) the need to be met in the short or long term;

|| (b) the added value of Union involvement;

|| (c) the policy and management objectives to be achieved, which include measures necessary to safeguard the financial interests of the Union in the field of fraud prevention, detection, investigation, reparation and sanctions ;

|| (d) the policy options available, including the risks associated with them;

|| (e) the results and impacts expected, in particular economic, social and environmental impacts, and the indicators and evaluation arrangement needed to measure them;

|| (f) the most appropriate method of implementation for the preferred option(s);

|| (g) the internal coherence of the proposed programme or activity and its relations with other relevant instruments;

|| (h) the volume of appropriations, human resources and other administrative expenditure to be allocated with due regard for the cost-effectiveness principle;

|| (i) the lessons learned from similar experiences in the past.

|| 2. The proposal shall set out the arrangements for monitoring, reporting and evaluation, taking due account of the respective responsibilities of all levels of government that will be involved in the implementation of the proposed programme or activity.

|| 3. All programmes or activities, including pilot projects and preparatory actions, where the resources mobilised exceed EUR 5 000 000 shall be the subject of an interim and/or ex post evaluation in terms of the human and financial resources allocated and the results obtained in order to verify that they were consistent with the objectives set, as follows:

|| (a) the results obtained in carrying out a multiannual programme shall be periodically evaluated in accordance with a timetable which enables the findings of that evaluation to be taken into account for any decision on the renewal, modification or suspension of the programme;

|| (b) activities financed on an annual basis shall have their results evaluated at least every six years.

|| Points (a) and (b) of the first subparagraph shall not apply to each of the projects or actions conducted within those activities, for which the requirement may be met by the final reports sent by the bodies which carried out the action.

|| 4. The evaluations referred to in paragraphs 1 and 3 shall be proportionate to the resources mobilised for and the impact of the programme and activity concerned.

|| Article 31 FR

|| Compulsory financial statement

|| 1. Any proposal or initiative submitted to the legislative authority by the Commission, the High Representative of the Union for Foreign Affairs and Security Policy (the "High Representative") or by a Member State, which may have an impact on the budget, including changes in the number of posts, shall be accompanied by a financial statement and by an ex-ante evaluation as provided for in Article 30(4).

|| Any amendment to a proposal or initiative submitted to the legislative authority which may have appreciable implications for the budget, including changes in the number of posts, shall be accompanied by a financial statement prepared by the institution proposing the amendment.

|| The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on the requirements of the financial statement.

|| 2. During the budgetary procedure, the Commission shall provide the necessary information for a comparison between changes in the appropriations required and the initial forecasts made in the financial statement in the light of the progress of deliberations on the proposal or initiative submitted to the legislative authority.

|| 3. In order to reduce the risk of fraud and irregularities, the financial statement referred to in paragraph 1 shall provide information on the internal control system set up, an estimate of the costs and benefits of the controls implied by such system and an assessment of the expected level of risk of error, as well as existing and planned fraud prevention and protection measures.

|| Such analysis shall take into account the likely scale and type of errors, as well as the specific conditions of the policy area concerned and the rules applicable thereto.

|| Article 19 RAP Financial statement (Article 31 of the Financial Regulation)

|| The financial statement shall contain the financial and economic data for the assessment by the legislative authority of the need for Union action. It shall provide appropriate information as regards coherence with other activities of the Union and any possible synergy.

|| In the case of multiannual operations, the financial statement shall contain the foreseeable schedule of annual requirements in terms of appropriations and posts, including for external staff, and an evaluation of their medium-term financial impact.

Article 13 1. The principle of sound financial management required that EDF resources shall be implemented in compliance with effective and efficient internal control as appropriate in each management mode. 2. For the purposes of the implementation of EDF resources, internal control is defined as a process applicable at all levels of the management and designed to provide reasonable assurance on the achievement of the following objectives: (a) effectiveness, efficiency and economy of operations; (b) reliability of reporting; (c) safeguarding of assets and information; (d) prevention and detection of fraud and irregularities; (e) adequate management of the risks relating to the legality and regularity of the underlying transactions, taking into account the multiannual character of programmes as well as the nature of the payments concerned. || Article 12 11th EDF FR Internal control Article 32 of Regulation (EU, Euratom) No 966/2012 shall apply.

|| Article 32 FR

|| Internal control of budget implementation

|| 1. The budget shall be implemented in compliance with effective and efficient internal control as appropriate in each method of implementation, and in accordance with the relevant sector-specific rules.

|| 2. For the purposes of the implementation of the budget, internal control is defined as a process applicable at all levels of management and designed to provide reasonable assurance of achieving the following objectives:

|| (a) effectiveness, efficiency and economy of operations;

|| (b) reliability of reporting;

|| (c) safeguarding of assets and information;

|| (d) prevention, detection, correction and follow-up of fraud and irregularities;

|| (e) adequate management of the risks relating to the legality and regularity of the underlying transactions, taking into account the multiannual character of programmes as well as the nature of the payments concerned.

|| 3. Effective internal control shall be based on best international practices and include, in particular, the following:

|| (a) segregation of tasks;

|| (b) an appropriate risk management and control strategy including control at recipient level;

|| (c) avoidance of conflicts of interests;

|| (d) adequate audit trails and data integrity in data systems;

|| (e) procedures for monitoring of performance and for follow-up of identified internal control weaknesses and exceptions;

|| (f) periodic assessment of the sound functioning of the internal control system.

|| 4. Efficient internal control shall be based on the following elements:

|| (a) the implementation of an appropriate risk management and control strategy coordinated among appropriate actors involved in the control chain;

|| (b) the accessibility for all appropriate actors in the control chain of the results of controls carried out;

|| (c) reliance, where appropriate, on management declarations of implementation partners and independent audit opinions, provided that the quality of the underlying work is adequate and acceptable and that it was performed in accordance with agreed standards;

|| (d) the timely application of corrective measures including, where appropriate, dissuasive penalties;

|| (e) clear and unambiguous legislation underlying the policies;

|| (f) the elimination of multiple controls;

|| (g) improving the cost-benefit ratio of controls.

|| 5. If, during implementation, the level of error is persistently high, the Commission shall identify the weaknesses in the control systems, analyse the costs and benefits of possible corrective measures and take or propose appropriate action, such as simplification of the applicable provisions, improvement of the control systems and re-design of the programme or delivery systems.

|| Article 33 FR

|| Cost-effective control systems

|| When presenting revised or new spending proposals, the Commission shall estimate the costs and benefits of control systems, as well as the level of risk of error as referred to in Article 31(3).

||

CHAPTER 5 Principle of transparency Article 14 1. EDF resources shall be established and implemented and the accounts presented in compliance with the principle of transparency. 2. The annual estimates of commitments and payments under Article 7 of the Internal Agreement, together with the EDF accounts referred to in Article 118 of this Regulation, shall be published in the Official Journal of the European Union. 3. The Commission shall make available, in an appropriate manner, information on the beneficiaries of funds deriving from the EDF held by it when EDF resources are implemented on a centralised basis and directly by its departments or by Union Delegations in accordance with the second paragraph of Article 17, and information on the beneficiaries of funds as provided by the entities to which financial implementation tasks are delegated under other modes of management. This information shall be made available with due observance of the requirements of confidentiality, in particular the protection of personal data as laid down in Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data[13] and Regulation (EC) No 45/2001 of the European Parliament and of the Council of 18 December 2001 on the protection of individuals with regard to the processing of personal data[14] by the Community institutions and bodies and on the free movement of such data, and of the requirements of security, taking into account the specificities of each management mode referred to in Article 20. || Article 13 11th EDF FR Principle of transparency 1. The 11th EDF shall be implemented and the accounts presented in accordance with the principle of transparency. 2. The annual estimates of commitments and payments under Article 7 of the Internal Agreement shall be published in the Official Journal of the European Union. 3. Without prejudice to Article 4 of this Regulation, the first subparagraph of Article 35(2) and Article 35(3) of Regulation (EU, Euratom) No 966/2012, concerning the publication of information on recipients and other information, shall apply. For the purpose of the second subparagraph of Article 21(2) of Delegated Regulation (EU) No 1268/2012, the term "locality" shall mean, where necessary, the equivalent to the region at NUTS 2 level when the recipient is a natural person. 4. Actions financed under the 11th EDF may be implemented with parallel or joint co-financing. In the case of parallel co-financing, an action is split into a number of clearly identifiable components which are each financed by the different donors providing co-financing in such a way that the end-use of the financing can always be identified. In the case of joint co-financing, the total cost of an action is shared between the donors providing the co-financing and the resources are pooled in such a way that it is no longer possible to identify the source of financing for any given activity undertaken as part of the action. In such cases, ex-post publication of grant and procurement contracts as foreseen by Article 35 of Regulation (EU, Euratom) No 966/2012, shall comply with the rules of the entrusted entity, if any. 5. The Commission shall, where appropriate, take all necessary measures in order to ensure the visibility of the Union's financial support. This shall include measures imposing visibility requirements on recipients of Union funds except in duly justified cases. The Commission shall have the responsibility for monitoring their compliance.

|| CHAPTER 8[15] Principle of transparency

|| Article 34 FR

|| Publication of accounts, budgets and reports

|| 1. The budget shall be established and implemented and the accounts presented in accordance with the principle of transparency.

|| 2. The President of the European Parliament shall have the budget and any amending budget, as definitively adopted, published in the Official Journal of the European Union.

|| The budgets shall be published within three months of the date on which they are declared definitively adopted.

|| The consolidated annual accounts and the report on budgetary and financial management drawn up by each institution shall be published in the Official Journal of the European Union.

|| The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on the provisional publication of the budget.

|| Article 20 RAP Provisional publication of the budget (Article 34 of the Financial Regulation)

|| As soon as possible and no later than four weeks after the final adoption of the budget, the final detailed budget figures shall be published in all languages on the Internet site of the institutions, on the Commission's initiative, pending official publication in the Official Journal of the European Union.

|| Article 35 FR

|| Publication of information on recipients and other information

|| 1. Information on borrowing-and-lending operations contracted by the Union for third parties shall appear in an Annex to the budget.

|| 2. The Commission shall make available, in an appropriate and timely manner, information on recipients, as well as the nature and purpose of the measure financed from the budget, where the latter is implemented directly in accordance with point (a) of Article 58(1), and information on recipients as provided by the entities, persons and Member States to which budget implementation tasks are entrusted under other methods of implementation.

|| The obligation set out in the first subparagraph shall also apply to the other institutions with regard to their recipients.

|| 3. This information shall be made available with due observance of the requirements of confidentiality and security, in particular the protection of personal data.

|| Where natural persons are concerned, the publication shall be limited to the name and locality of the recipient, the amount awarded and the purpose of the award.The disclosure of those data shall be based on relevant criteria such as the periodicity of award, or the type or importance of the award. The criteria for disclosure and the level of detail published shall take into account the specificities of the sector and of each method of implementation.

|| The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning the establishment of detailed rules on the publication of information on recipients. Where applicable, the level of detail and criteria shall be defined in the relevant sector-specific rules.

|| Article 21 RAP Publication of information on value and recipients of Union funds (Article 35 of the Financial Regulation)

|| 1. The information on recipients of Union's funds awarded under direct management shall be published on an internet site of the Union institutions, no later than 30 June of the year following the financial year in which the funds were awarded.

|| In addition to the publication referred to in the first subparagraph the information may also be published, according to a standard presentation, by other appropriate means.

|| 2. The following information shall be published unless otherwise provided in this Regulation and in the sector specific rules, taking into account the criteria set out in Article 35(3) of the Financial Regulation:

|| (a) the name of the recipient;

|| (b) the locality of the recipient;

|| (c) the amount awarded;

|| (d) the nature and purpose of the measure.

|| For the purpose of point b) the term "locality" shall mean:

|| (i) the address of the recipient when the latter is a legal person;

|| (ii) the Region on NUTS 2 level when the recipient is a natural person.

|| As far as personal data referring to natural persons are concerned, the information published shall be removed two years after the end of the financial year in which the funds were awarded. The same shall apply to personal data referring to legal persons for whom the official title identifies one or more natural persons.

|| 3. The information referred to in paragraph 2 shall only be published for prizes, grants and contracts which have been awarded as a result of contests or grant award procedures or public procurement procedures. The information shall not be published for:

|| (a) scholarships paid to natural persons and other direct support paid to natural persons in most need, referred to in Article 125(4)(c) of the Financial Regulation;

|| (b) contracts below the amount referred to in Article 137(2) of this Regulation.

|| 4. The publication shall be waived if such disclosure risks threatening the rights and freedoms of individuals concerned as protected by the Charter of Fundamental Rights of the European Union or harm the commercial interests of the recipients.

|| Article 22 RAP Link to the publication of information on recipients of Union funds awarded under indirect management (Article 35 of the Financial Regulation)

|| Where the management of Union funds is delegated to the authorities and bodies referred to in Article 58(1)(c) of the Financial Regulation, the delegation agreements shall require that information referred to in paragraphs 2 and 3 of Article 21 is published according to a standard presentation, by those entrusted authorities and bodies on their website.

|| The internet site of the Union institutions shall contain a reference at least of the address of the website where the information can be found if it is not published directly in the dedicated place of the internet site of the Union institutions.

|| In addition to the publication referred to in the first subparagraph the information may also be published, according to a standard presentation, by any other appropriate means.

|| Paragraphs 2 to 4 of Article 21 shall apply to the publication referred to in the first paragraph of this Article.

TITLE III RESOURCES AND MEMBER STATES CONTRIBUTIONS CHAPTER 1 Composition of EDF resources Article 15 The EDF resources shall consist of the amounts laid down in Article 1 of the Internal Agreement. Article 2 1. The Commission shall assume the responsibilities of the Community defined in Article 57 of the ACP-EC Agreement and in the Overseas Association Decision. To that end, it shall undertake the financial implementation of operations carried out with EDF resources allocated in the form of non-repayable aid, excluding interest rate subsidies, and make payments in accordance with this Regulation. 2. For the purposes of the application of this Regulation, the Commission shall act on its own responsibility and within the limits of the resources allocated. || TITLE III 11th EDF RESOURCES AND ITS IMPLEMENTATION Article 14 11th EDF FR Sources of 11th EDF resources The 11th EDF resources shall consist of the funds referred to in Article 1(2), (4) and (6) of the Internal Agreement; of the funds referred to in Article 1(9) thereof; and of other assigned revenue referred to in Article 9 of this Regulation. Article 15 11th EDF FR Structure of the 11th EDF The 11th EDF revenue and expenditure shall be classified according to their type or the use to which they are assigned. Article 16 11th EDF FR 11th EDF implementation in accordance with the principle of sound financial management 1. The Commission shall assume the responsibilities of the Union defined in Article 57 of the Cotonou Agreement and in the Overseas Association Decision. To that end it shall implement the revenue and expenditure of the 11th EDF in accordance with the provisions of this Part and Part Three of this Regulation, under its own responsibility and within the limits of the 11th EDF resources. 2. The Member States shall cooperate with the Commission so that the 11th EDF resources are used in accordance with the principle of sound financial management.

|| TITLE III ESTABLISHMENT AND STRUCTURE OF THE BUDGET

|| CHAPTER 1[16] Establishment of the budget

|| Article 36 FR

|| Estimates of revenue and expenditure

|| 1. Each institution other than the Commission shall draw up an estimate of its revenue and expenditure, which it shall send to the Commission, and in parallel, for information, to the European Parliament and the Council, before 1 July each year.

|| 2. The High Representative shall hold consultations with the Members of the Commission responsible for development policy, neighbourhood policy and international cooperation, humanitarian aid and crisis response, regarding their respective responsibilities.

|| 3. The Commission shall draw up its own estimates, which it shall also send, directly after their adoption, to the European Parliament and the Council.

|| In preparing its estimates, the Commission shall use the information referred to in Article 37.

|| Article 37 FR

|| Estimated budget of the bodies referred to in Article 208

|| By 31 March each year, each body referred to in Article 208 shall, in accordance with the instrument establishing it, send the Commission, the European Parliament and the Council an estimate of its revenue and expenditure, including its establishment plan, and its draft work programme.

|| Article 38 FR

|| Draft budget

|| 1. The Commission shall submit a proposal containing the draft budget to the European Parliament and the Council by 1 September of the year preceding that in which the budget is to be implemented. It shall transmit that proposal, for information, also to the national parliaments.

|| The draft budget shall contain a summary general statement of the revenue and expenditure of the Union and shall consolidate the estimates referred to in Article 36. It may also contain different estimates from those drawn up by the institutions.

|| The draft budget shall follow the structure and presentation set out in Articles 44 to 49.

|| Each section of the draft budget shall be preceded by an introduction drawn up by the institution concerned.

|| The Commission shall draw up the general introduction to the draft budget. The general introduction shall comprise financial tables covering the main data by titles and justifications for the changes in the appropriations from one financial year to the next by categories of expenditure of the multiannual financial framework.

|| 2. In order to provide more precise and reliable forecasts of the budgetary implications of legislation in force and of pending legislative proposals, the Commission shall attach to the draft budget a financial programming for the following years.

|| The financial programming shall be updated after the adoption of the budget, to incorporate the results of the budgetary procedure and any other relevant decisions.

|| The Commission shall be empowered to adopt delegated acts in accordance with Article 210 concerning detailed rules on financial programming.

|| 3. The Commission shall attach to the draft budget:

|| (a) where appropriate, the reasons for which the draft budget contains different estimates from those drawn up by other institutions;

|| (b) any working document it considers useful in connection with the establishment plans of the institutions and the contributions which the Commission awards to the bodies referred to in Article 208 and to the European Schools. Any such working document, showing the latest authorised establishment plan, shall present:

|| (i) all staff employed by the Union, including its legally separate entities, displayed by type of contract,

|| (ii) a statement of the policy on posts and external personnel and on gender balance,

|| (iii) the number of posts actually filled at the beginning of the year in which the draft budget is presented, indicating their distribution by grade and administrative unit,

|| (iv) a list of posts broken down per policy area,

|| (v) for each category of external staff, the initial estimated number of full-time equivalents on the basis of the authorised appropriations, as well as the number of persons actually in place at the beginning of the year in which the draft budget is presented, indicating their distribution by function group and, as appropriate, by grade.

|| (c) a working document on the planned implementation of appropriations for the financial year and on commitments outstanding, on the bodies referred to in Article 208 and the European Schools, and on the pilot projects and preparatory actions;

|| (d) as regards funding to international organisations, a working document containing:

|| (i) a summary of all contributions, with a breakdown per Union programme or fund and per international organisation,

|| (ii) a statement of reasons explaining why it was more efficient for the Union to fund those international organisations rather than to act directly;

|| (e) activity statements or any other relevant document containing the following:

|| (i) information on the achievement of all previously set specific, measurable, achievable, relevant and timed objectives for the various activities, as well as new objectives measured by indicators,

|| (ii) a full justification, including a cost-benefit analysis for proposed changes in the level of appropriations,

|| (iii) a clear rationale for intervention at Union level in accordance, inter alia, with the principle of subsidiarity,

|| (iv) information on the implementation rates of the preceding year's activity and implementation rates for the current year,

|| (v) a summary of evaluation results when relevant to budget changes,

|| (vi) information on prizes with a unit value of EUR 1000000 or more;

|| (f) a summary statement of the schedule of payments due in subsequent financial years to meet budgetary commitments entered into in previous financial years.

|| 4. Where the Commission entrusts budget implementation to public-private partnerships (PPPs), it shall attach to the draft budget a working document presenting:

|| (a) an annual report on the performance of existing PPPs in the preceding financial year, including information on the legal form and the shareholders of entities entrusted pursuant to point (vii) of Article 58(1)(c);

|| (b) the targets set for the financial year to which the draft budget relates, indicating any specific budgetary needs dedicated to achieving this target;

|| (c) the administrative costs and the implemented budget in total and per body referred to in Article 209 and per PPP in the preceding financial year;

|| (d) the amount of financial contributions made from the budget, the amount of financial contributions and the value of contributions in kind made by the other partners for each PPP;

|| However, where PPPs make use of financial instruments, the information relating to those instruments shall be included in the working document referred to in paragraph 5.

|| 5. Where the Commission makes use of financial instruments, it shall attach to the draft budget a working document presenting the following:

|| (a) the aggregate budgetary commitments and payments from the budget for each financial instrument;

|| (b) revenues and repayments under Article 140(6), and accrual for additional resources for the financial year;

|| (c) the total amount of provisions for risks and liabilities, as well as any information on the financial risk exposure of the Union;

|| (d) impairments of assets of equity or risk-sharing instruments, and called guarantees for guarantee instruments, both for the preceding year and the respective accumulated figures;

|| (e) the average duration between the budgetary commitment to the financial instruments and the legal commitments for individual projects in the form of equity or debt, where their duration exceeds three years. The Commission shall, in the report provided for under Article 140(8), explain the reasons and provide, where appropriate, an action plan for the reduction of the duration in the framework of the annual discharge procedure;

|| (f) the administrative expenditure arising from management fees and other financial and operating charges paid for the management of financial instruments, where that