ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(77)134
Vol.1977/0050

Disclaimer
Conformément aurèglement (CEE, Euratom) n°354/83 duConseil du1erfévrier 1983
concernant l'ouverture aupublic desarchives historiques delaCommunauté économique
européenne etdelaCommunauté européenne del'énergie atomique (JOL43du15.2.1983,
p.1),telquemodifié par lerèglement (CE, Euratom) n°1700/2003 du22septembre 2003
(JOL243du27.9.2003, p.1),cedossier estouvert aupublic. Lecaséchéant, lesdocuments
classifiés présents dans cedossier ontétédéclassifiés conformément àl'article 5dudit
règlement.
Inaccordance with Council Regulation (EEC, Euratom) No354/83 of1February 1983
concerning theopening tothepublic ofthehistorical archives oftheEuropean Economic
Community andtheEuropean Atomic Energy Community (OJL43,15.2.1983, p.1),as
amended byRegulation (EC, Euratom) No1700/2003 of22September 2003 (OJL243,
27.9.2003, p.1),this fileisopen tothepublic. Where necessary, classified documents inthis
filehave been declassified inconformity with Article 5oftheaforementioned regulation.
InÜbereinstimmung mitderVerordnung (EWG, Euratom) Nr.354/83 desRates vom 1.
Februar 1983 über die Freigabe der historischen Archive der Europäischen
Wirtschaftsgemeinschaft undderEuropäischen Atomgemeinschaft (ABI. L43vom 15.2.1983,
S.1),geändert durch dieVerordnung (EG, Euratom) Nr.1700/2003 vom 22.September 2003
(ABI. L243vom 27.9.2003, S.1),istdiese Datei derÖffentlichkeit zugänglich. Soweit
erforderlich, wurden dieVerschlusssachen indieser Datei inÜbereinstimmung mitArtikel 5
dergenannten Verordnung freigegeben.

COMMISSION OFTHEEUROPEAN COMMUNITIES
,COM(77)134final\
lBrussels ,19April1977
Proposalfora
COUNCIL REGULATION (EEC )
■ontheapplication oftheprovisionsof
theFinancialProtocolconcludedwithMalta
^:!-C-.
(submittedtotheCouncilbytheComm.i
->. AV
COM(77)134final
\

EXPLANATORY MEMORANDUM
.Financials Protocol 61£ne<iwith Malta
•provides for financial and technical cooperation
between theCommunity and' this country • purpose ofthe
accompanying proposal' for aregulation istoestablish therules to
beapplied within t;;ieCommunity for theimplementation ofthe co­
operation inquestion .
Thesolution proppspd for thedivision ofpowers between theCom-
missipn and the Ei),r,ppean Investment Bank asregards theadministra­
tion pftheaid wasadopted onthebasis ofcontacts with theBank ,
which expressed itjsagreement subject toareservation onone
point (Article 10).

PROPOSAL FORA
COUNCILREGULATION (EEC)
ontheapplication oftheprovisionsofthefinancialProtocol
concludedwithMalta
THECOUNCILOPTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropeanEconomicCommunity,
andinparticularArticle209thereof,
HavingregardtotheOpinionoftheEuropeanParliament ,
WhereastheFinancialProtocol,whichconstitutes anintegralpartofthe
Agreementestablishing anAssociation "betweentheEuropeanEconomic
CommunityandMalta,hasfixedtheaggregateamountofCommunityaidto
Maltaat26millionunitsofaccount,comprising5millionunitsofaccount
intheformofloansonspecialterms,5millionunitsofaccountinthe
formofgrantsand16millionunitsofaccountintheformofloansgranted
"bytheEIBfromitsownresources ;
WhereastheunitofaccountapplicableinthecontextoftheProtocolwas
definedinadeclaration annexedtotheFinalActofthesaidProtocol;
Whereasthedetailedrulesfortheadministration oftheaidnotcovered
bytheBank'sownresourcesmustbelaiddown;
Whereasprovisionshouldbemadetolaydowntherulesforthemanagement
offinancialandtechnicalcooperation ,theprocedurefordirecting,
examiningandapprovingaidandthedetailedrulesforsupervisingthe
use.ofthataid;
WhereasaCommitteeofrepresentatives oftheMemberStatesshouldbe
setupundertheauspicesoftheCommission ;

Whereas itshould bestipulated that thedraft financing proposals
drawn up "bytheBank foroperations notcovered from itsownresources
should hesubmitted foropinion toaCommittee ofrepresentatives of
the Governments oftheMember States ;
Whereas thework done bytheCommission andtheBank toapply the
Agreements should beharmonized ;whereas itistherefore desirable
that ,asfaraspossible ,thecomposition oftheCommittees setup
under theauspices oftheCommission andoftheBank should be
identical ;
Whereas theCouncil adopted on16July 1974 aResolution onthehar­
monization andcoordination ofMember States' cooperation policies ,
HAS ADOPTED THIS REGULATION :
Article 1
Inimplementing the aidarrangements forMalta ,theCommission shall
seetoitthat proper application isgiven totheaidpolicy as
defined bytheCouncil and tothegeneral guidelines for financial and
technical cooperation asdefined bytheAssociation Council established
bytheAssociation Agreement inaccordance with Article 21ofthe
Protocol laying down provisions relating totheAgreement establishing
anassociation between theEuropean Economic Community andMalta and
with Articles 9and 16of "theFinancial Protocol .
Article 2
Theappropriations forthefinancing ofaidnotcovered from the
Bank 'sownresources shall beadministered bytheCommission ,in
accordance with theFinancial Regulation of25April 1973 applicable
tothegeneral budget ofthe Communities .
./•

2.TheCommissionshallitselfadministerthegrantsfortechnical
assistance programmeorschemes.
Ageneralmandatewill"begiventotheBank"bytheCommissioninthe
nameoftheCommunity,toadministertheinterestratesubsidiesfor
loamsfromitsownresources,thespecialloansandtheriskcapital
operations.
3.Operationscoveredbythemandateestablished pursuanttoparagraph2
shallbeundertakenbytheBankonbehalfandattheriskofthe
Community.TheBankshallactinaccordancewiththeprocedureslaid
downbyitsstatute,subjecttoArticles9and10ofthisRegulation.
Thespecialconditionsofthemandate-inparticulartheprovisions
concerning movementsoffundsandtheremuneration forexecutingthe
mandate-shallbethesubjectofanagreementbetweentheCommission
andtheBank.
4.ThelimitonthesumswhichmaybecommittedbytheBankinanyyear
inexecutingthemandateshallbefixedannually.Thislimitmaybe
reviewedduringtheyearinquestion.
Article3
TheunitofaccountusedforapplyingthisRegulationshallbethat
definedintheDeclaration bytheEuropeanEconomicCommunityrelating
toArticle2oftheFinancialProtocolandincludedinthePinalAct
signedatthesametimeastheProtocol.

k.
Article k
The Commission shall provide theMember States with information
obtained from Malta - . - asregards the content
aridprospects oftheir development plans ,theobjectives they have
setthemselves andprojects already identified which arelikely to
attain these objectives .
TheCommission shal^j .compile this *information incollaboration with
the Bank .
Membe.p States shall atthe same 1;ime inform theCommission ofany
bilateral aid they have granted orintend togrant .
Furthermore ,theCommission shall forward totheCommittee referred
toinArticle 6allavailable information onanyother bilateral or
multilateral aid granted orenvisaged for Malta .
Tothis end ,and inorder tokeep Member States informed ,theCommis­
sion shall obtain all relevant information onaid tothe States con­
cerned which Member States ,international institutions and other
aid donors have already granted orintend togrant .
Article 5
Theposition tobetaken bytheCommunity with aview todefining aid
guidelines within theAssociation Council shall beadopted bythe
Council onaproposal from theCommission drawn upinclose cooperation
with theBank .Intheevent ofdisagreement ,theBank shall state its
position inthe Council .
./

Article 6
1.ACommittee (hereinafter called the "Article 6Committee "),consisting
ofrepresentatives oftheMember States ,shall besetupunder the
auspices ofthe Commission .
TheArticle 6Committee shall bechaired byarepresentative ofthe
Commission ;itssecretariat shall beprovided bytheCommission .
Arepresentative oftheBank shall take part initswork .
2.The Council ,acting unanimously ,shall adopt the rules ofprocedure
Λ
oftheArticle 6Committee .
3,Within theArticle 6Committee ,the votes oftheMember States shall
beweighted inaccordance with Article 1^8 (2)ofth«Treaty . i
TheArticle 6Committer shall actbyamajority ofMvotes .
I
Article ;7
1.TheArticle 6Committee shall give itsopinion on'draft financing proposals
forprojects orprogrammes submitted toitbytheCommission .
I•The draft financing proposals forthese projects shall explain therelevance j
oftheprojects to -thedevelopment prospects ofMalta ;where appropri - I
ate ,they shall mention theusetowhich Malta hasputprevious Commu – >
nity aid . j
\
They shall include inparticular measures promoting ,inaccordance with i
Article 12oftheFinancial Protocol ,participation bynational firms i
ofMalta incarrying outtheprojeots . |
1Therules ofprocedure would make provision fortheCommittee tobe
consulted bywritten procedure -

O»
The Committee 1sassessment shall cover conformity oftne projects
v.ith Community development aidpolicy ,v/ith theobjectives offinancial
and technical cooperation laid down inthe Protocol >andwith the
general guidelines adopted bythis Association Council .
Article 8
■LhedraftfinancingproposaIsreferred toinArticle 7,tnnether u-ith tt>«.
opinion oftheArticle 6Committee ,shall besubmitted totheCommis­
sion forits decision .
IftheCommission decides todiffer from the opinion expressed bythe
Committee ,oriftheCommittee has not delivered afavourable opinion ,
itshall either withdraw the financing proposal or,atthe earliest
opportunity ,refer -theproposal 1;otheCouncil ,which shall decide on
itbya;qualified majority ."
Article 9
1.Thedraft financingproposals drawnupbytheBank inimDlementat ionnf
thegeneral mandate referred toinArticle 2(2) ,shall besubmitted
foranopinion toaCommittee consisting ofrepresentatives ofthe
Member states ,herinafter called the "Article 9Committee ".
TheArticle 9Committee shall bechaired bytherepresentative ofthe
Member State currently assuming thePresidency oftheBoard ofGover­
nors oftheBank ;its secretariat shall boprovided bytheBank .
-/•

Arepresentative oftheCommission shall take part inits work .He
shall express theCommission 'sopinion onthe financing rroPOSi'ls
submitted bytheBank .
The assessment bythe Committee and theCommission shall cover confor­
mity oftheprojects with Community development aid policy ,v/ith the
objectives offinancial and technical cooperation laid down bythe
Protocol ,./ndwith thegeneral guidelines adopted bythe Association
Council .
Inaddition ,this Committee shall beinformed bytheBank ofany
loans without interest rate subsidies that itintends togrant .
TheCouncil ,acting unanimously ,shall adopt therules ofprocedure
1ofthe Article 9Committee
Within theArticle 9Committee ,the votes oftheMember States shall
beweighted inaccordance with Article 148 (2)oftheTreaty .
TheArticle 9Committee shall act byamajority of votes *.
Article 10
Thedocument inwhich theBank submits ;draft ,financing proposals tothe .
Article 9Committee shall ,inparticular ,explain the relevance ofthe
projects tothedevelopment prospects ofthe'country orcountries
conce-rned and ,where appropriate ,indicate the situation asregards
loans granted bythe Community .
O
: <■ ./.
1 _ '• •The rules ofprocedure would make provision for theCommittee tobe
consulted bywritten procedure . *

8.
2.Where theArticle 9Committee and theCommission deliver afavourable
opinion inrespect ofarequest for aloan with aninterest rate
subsidy -,therequest shall besubmitted for adecision totheBoard
ofDirectors oftheBank ,which shall act inaccordance with the
provisions ofthe Bank 'sstatute .
Inthe absence ofafavourable opinion from theArticle 9Committee or
1
inthe event ofaunfavourable opinion from the Commission ,theBank
shall either withdraw theapplication orrequest that theMember
State taking the chair oftheArticle 9Committee bring thematter
1before the Council assoon aspossible .
5.Where ,inrespect ofadraft financina nrooosal bysnecial Loan orrisk
capital ,theArticle 9Committee and theCommission deliver afavourable
opinion ,the proposal shall besubmitted for adecision totheBoard
ofDirectors oftheBank ,which shall act inaccordance with the
provisions oftheBank 'sstatute .
Inthe absence ofafavourable opinion from theArticle 9Committee
orinthe event ofanunfavourable opinion from theCommission ,the
Bank shall either withdraw the proposal orrequest that theMember
State taking the chair oftheArticle 9Committee bring thematter
before theCouncil assoon aspossible .
./.
1 . .TheEIBwishes toreplace this subparagraph bythe following :
11Intheabsence ofafavourable opinion from theArticle 9Committee
orintheevent ofanunfavourable opinion from theCommission ,the
Bank shall either withdraw therequest ordecide touphold it.In
thelatter event ,this request ,together with thereasoned opinion
oftheCommittee and theopinion oftheCommission ,shall besub­
mitted foradecision totheBoard ofDirectors oftheBank ,which
shall actinaccordance with theprovisions oftheBank 'sstatute ."

Where ,intheabsence ofafavourable opinion from theArticle 9
Committee orinthe event ofanunfavourable opinion from the Commis­
sion ,thematter isbrought before theCouncil inaccordance with
paragraphs 2and 3»theBank 'srequest orproposal shall besubmitted
totheCouncil together with the reasoned opinions oftheArticle 9
1Comnittee and the Commission . '■
"heCouncil shall act ;byaqualified majority .
f '
IftheCouncil decides toconfirm theposition taken bytheArticle
9Committee ofbytheCommission ,theBank shall withdraw itsproposal .
If,however ,theCouncil isinagreement with theBack 'sproposal ,the
Bank shall implement theprocedures provided forinitsstatute .
Article 11
TheCommission shall ascertain hpw theCommunity aid administered by
itisU6ed by ..-Malta , -orbyanyother recipients .
Itshall also ascertain ,inclosfc collaboration with therelevant
authorities ofthe , Malta k°wprojects fi­
nanced with Community aid areused bytherecipients .
./.
Wording requested bythe EIB inorder totake account ofitsposition
regarding paragraph 2:
"Inthelatter event ,theBank 'sproposal shall besubmitted tothe
Council together with thereasoned opinions oftheArticle 9
Committee and the Commission ."

10
3.V.'hen ascertaining how Community aidand projects areused ,asprovi­
ded forinparagraphs 1and 2,theCommission shall examine jointly
with theBank the extent towhich theobjectives defined pursuant
toArticle 21oftheProtocol andArticles 9and16nfFinancial nr^+^c^l
thereto have been attained .
TheCommission shall inform theCouncil atleast once ayear ofits
findings pursuant toparagraphs 1,2 and 3»
Article 12
This Regulation shall beapplicable for the same period asfthe
Financial Protocol .
This Regulation shall bebinding initsentirety and directly appli­
cable inall Member States .
Done at For the Council
The President

FICHEFINANCIERE
établiepourLebudgetdeL'exercice1977
PREMIEREPARTIE:CREDITS D'INTERVENTION
(pouractionsanciennesetnouvelles)
1.LIGNEBUDGETAIRE CONCERNEE :Article962
2.INTITULE DELALIGNEBUDGETAIRE :"Coopération financière avec
certainspaystiers".
3.BASEJURIDIQUE :Article238duTraitéCEE
4.DESCRIPTION,OBJECTIF(S),ETJUSTIFICATION DEL'ACTION
Proposition derèglement duConseilrelatifàl'application
desdispositions duprotocolefinancierconcluavecMalte.
Leprésentdocumentapourbutdepréciserlesprocédures de
décisionsapplicables àl'intérieur delaCommunauté pourla
miseenoeuvredel'aideenfaveurdeMalteainsiquelarépar­
titiondescompétences entrelaCommission etlaBanqueeuro-,
péenned'investissement pourlagestiondecetteaide.
5.CREDITS(enu.c.e.)
Aucuncréditneseraengagésurlebuç/get1977/autitrede
l'aidefinancièreprévueauprotocolefinancier(laligne
budgétaireestdurestedotéed'unp.m.).Cen'estqu'à
partirdel'exercice1978,ap/èsratification duprotocole,que
lescréditsbudgétaires pourrontêtreutilisés.Leprotocole
prévoitunmontantde10M.u.e.e.àengagerpendantunepériode
expirantcinqansaprèsl'entréeenvigueurduprotocolesur
créditsbudgétaires (auxquelss'ajoutent16M.u.e.e.desprêts
delaB.E.I.).Larépartition decemontantserafixée
annuellement aucoursdelaprocédurebudgétaire .

DEUXIEMEPARTIE:INFORMATIONS SUPPLEMENTAIRES POURUNEACT1CÎ.-
6.COUTTOTALDEL'ACTIONPENDANTTOUTELADUREEENVISAGEE
Lesdépensesimputéessurlebudgetcommunautaire s'é'.è/crc
à10M.u.c.e.pendanttouteLaduréed'application dup.-cte
7.INFORMATION SURLEPERSONNEL ETSURLESCREDITSDEFONCTION
NECESSAIRES POURLAREALISATION DEL'ACTION
•L'actionseraréaliséedanslecadredutableaudeseffecti
delaCommission
8.FINANCEMENT DEL'ACTION
L'aidefinancière,pourladuréetotaleduprotocole,sera
financéesurcréditsbudgétaires communautaires (10M.u.c.e
etsurlesressourcespropresdelaB.E.I.(16M.u.c>e.)
Lescréditsbudgétaires serépartiront commesuit:
5M.u.c.e.sousformedeprêtsspéciaux
5M.u.c.e.sousformed'aidesnonremboursables .