Article 1 
Objectives Community action under this Regulation shall be designed to supplement the measures taken under the structural funds by: - providing assistance for the areas notified by each Member State to the Commission as being the hardest hit by the abolition of customs formalities in the economic restructuring and creation of replacement activities, - promoting the conversion and/or restructuring of the weakened but viable enterprises referred to in Article 2 (2) to save the maximum number of jobs. Article 2 Means of operation 1. Community operations designed to provide assistance in the areas referred to in the first indent of Article 1 may be concerned with: - providing the competent authorities with advice on development and alternative development techniques, - supporting local development measures, - funding back-up measures for local development. 2. Community operations designed to assist enterprises primarily involved in customs controls and intraCommunity customs formalities may concern: - management of the conversion or restructuring of the enterprises, in particular by market studies and research, - technology transfer, including the collection and dissemination of information, and innovations within the enterprises, - assistance in the creation or maintenance of long-term employment, - vocational training for employees of the enterprises and any measures to facilitate such training. Article 3 Eligibility The measures adopted under Article 2 (2) shall be concentrated on the Community areas designated by the Member States, in accordance with Article 1, as being the hardest hit. Operations funded under this Regulation shall comply with the provisions of the Treaties, instruments deriving from them and Community policies, particularly those concerning competition rules. Article 4 Forms of assistance Community financial assistance may take the form of: - part-financing of a national assistance sheme, including refunds, - part-financing of suitable projects including repayments, - support for technical assistance and studies in preparation for operations. The financial assistance is intended primarily for small and medium-sized enterprises. Article 5 Levels of assistance Community assistance under this Regulation shall not exceed 50 % of the cost of the measures set out in Article 2. In some cases, and in particular in regions whose development is lagging behind, it shall be possible for the Commission to increase the contribution to 75 %. The Community contribution shall supplement private or public expenditure. In the cases where the Community contribution is supplementary to private expenditure, the contribution shall on no account exceed 50 %. Community assistance for individual measures or operations funded under this Regulation may not be combined with other assistance from the structural funds. Article 6 Applications for assistance From 1 January 1993 onwards, applications for assistance shall be presented by the competent authorities designated by the Member States following consultations with the professional and social interest groups concerned. The deadline for receipt of such applications shall be 31 March 1993. Article 7 Approval of applications for assistance and implementation The Commission shall adopt a decision on the applications for assistance, in principle no later than three months after their submission, provided that the conditions stipulated in this Regulation have been met. The Community's operations shall cover a period commencing on 1 January 1993 and may include retroactive funding for applications for assistance approved on and after that date. The legal commitment for such measures shall be entered into by 31 December 1993. The Commission shall publish a list of approved applications for assistance in the Official Journal. Article 8 Technical assistance Apart from the forms of assistance referred to in Article 4, financial support may also be provided for expenditure on technical assistance, evaluation and follow-up concerning measures adopted under this Regulation. For such operations, by way of derogation from Article 5, Community funding may account for up to 100 % of the cost. However, the overall amount for these measures shall not exceed 2 % of the total budget appropriation provided for in this Regulation. Article 9 Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 2 
Means of operation 1. Community operations designed to provide assistance in the areas referred to in the first indent of Article 1 may be concerned with: - providing the competent authorities with advice on development and alternative development techniques, - supporting local development measures, - funding back-up measures for local development. 2. Community operations designed to assist enterprises primarily involved in customs controls and intraCommunity customs formalities may concern: - management of the conversion or restructuring of the enterprises, in particular by market studies and research, - technology transfer, including the collection and dissemination of information, and innovations within the enterprises, - assistance in the creation or maintenance of long-term employment, - vocational training for employees of the enterprises and any measures to facilitate such training. Article 3 Eligibility The measures adopted under Article 2 (2) shall be concentrated on the Community areas designated by the Member States, in accordance with Article 1, as being the hardest hit. Operations funded under this Regulation shall comply with the provisions of the Treaties, instruments deriving from them and Community policies, particularly those concerning competition rules. Article 4 Forms of assistance Community financial assistance may take the form of: - part-financing of a national assistance sheme, including refunds, - part-financing of suitable projects including repayments, - support for technical assistance and studies in preparation for operations. The financial assistance is intended primarily for small and medium-sized enterprises. Article 5 Levels of assistance Community assistance under this Regulation shall not exceed 50 % of the cost of the measures set out in Article 2. In some cases, and in particular in regions whose development is lagging behind, it shall be possible for the Commission to increase the contribution to 75 %. The Community contribution shall supplement private or public expenditure. In the cases where the Community contribution is supplementary to private expenditure, the contribution shall on no account exceed 50 %. Community assistance for individual measures or operations funded under this Regulation may not be combined with other assistance from the structural funds. Article 6 Applications for assistance From 1 January 1993 onwards, applications for assistance shall be presented by the competent authorities designated by the Member States following consultations with the professional and social interest groups concerned. The deadline for receipt of such applications shall be 31 March 1993. Article 7 Approval of applications for assistance and implementation The Commission shall adopt a decision on the applications for assistance, in principle no later than three months after their submission, provided that the conditions stipulated in this Regulation have been met. The Community's operations shall cover a period commencing on 1 January 1993 and may include retroactive funding for applications for assistance approved on and after that date. The legal commitment for such measures shall be entered into by 31 December 1993. The Commission shall publish a list of approved applications for assistance in the Official Journal. Article 8 Technical assistance Apart from the forms of assistance referred to in Article 4, financial support may also be provided for expenditure on technical assistance, evaluation and follow-up concerning measures adopted under this Regulation. For such operations, by way of derogation from Article 5, Community funding may account for up to 100 % of the cost. However, the overall amount for these measures shall not exceed 2 % of the total budget appropriation provided for in this Regulation. Article 9 Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 3 
Eligibility The measures adopted under Article 2 (2) shall be concentrated on the Community areas designated by the Member States, in accordance with Article 1, as being the hardest hit. Operations funded under this Regulation shall comply with the provisions of the Treaties, instruments deriving from them and Community policies, particularly those concerning competition rules. Article 4 Forms of assistance Community financial assistance may take the form of: - part-financing of a national assistance sheme, including refunds, - part-financing of suitable projects including repayments, - support for technical assistance and studies in preparation for operations. The financial assistance is intended primarily for small and medium-sized enterprises. Article 5 Levels of assistance Community assistance under this Regulation shall not exceed 50 % of the cost of the measures set out in Article 2. In some cases, and in particular in regions whose development is lagging behind, it shall be possible for the Commission to increase the contribution to 75 %. The Community contribution shall supplement private or public expenditure. In the cases where the Community contribution is supplementary to private expenditure, the contribution shall on no account exceed 50 %. Community assistance for individual measures or operations funded under this Regulation may not be combined with other assistance from the structural funds. Article 6 Applications for assistance From 1 January 1993 onwards, applications for assistance shall be presented by the competent authorities designated by the Member States following consultations with the professional and social interest groups concerned. The deadline for receipt of such applications shall be 31 March 1993. Article 7 Approval of applications for assistance and implementation The Commission shall adopt a decision on the applications for assistance, in principle no later than three months after their submission, provided that the conditions stipulated in this Regulation have been met. The Community's operations shall cover a period commencing on 1 January 1993 and may include retroactive funding for applications for assistance approved on and after that date. The legal commitment for such measures shall be entered into by 31 December 1993. The Commission shall publish a list of approved applications for assistance in the Official Journal. Article 8 Technical assistance Apart from the forms of assistance referred to in Article 4, financial support may also be provided for expenditure on technical assistance, evaluation and follow-up concerning measures adopted under this Regulation. For such operations, by way of derogation from Article 5, Community funding may account for up to 100 % of the cost. However, the overall amount for these measures shall not exceed 2 % of the total budget appropriation provided for in this Regulation. Article 9 Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 4 
Forms of assistance Community financial assistance may take the form of: - part-financing of a national assistance sheme, including refunds, - part-financing of suitable projects including repayments, - support for technical assistance and studies in preparation for operations. The financial assistance is intended primarily for small and medium-sized enterprises. Article 5 Levels of assistance Community assistance under this Regulation shall not exceed 50 % of the cost of the measures set out in Article 2. In some cases, and in particular in regions whose development is lagging behind, it shall be possible for the Commission to increase the contribution to 75 %. The Community contribution shall supplement private or public expenditure. In the cases where the Community contribution is supplementary to private expenditure, the contribution shall on no account exceed 50 %. Community assistance for individual measures or operations funded under this Regulation may not be combined with other assistance from the structural funds. Article 6 Applications for assistance From 1 January 1993 onwards, applications for assistance shall be presented by the competent authorities designated by the Member States following consultations with the professional and social interest groups concerned. The deadline for receipt of such applications shall be 31 March 1993. Article 7 Approval of applications for assistance and implementation The Commission shall adopt a decision on the applications for assistance, in principle no later than three months after their submission, provided that the conditions stipulated in this Regulation have been met. The Community's operations shall cover a period commencing on 1 January 1993 and may include retroactive funding for applications for assistance approved on and after that date. The legal commitment for such measures shall be entered into by 31 December 1993. The Commission shall publish a list of approved applications for assistance in the Official Journal. Article 8 Technical assistance Apart from the forms of assistance referred to in Article 4, financial support may also be provided for expenditure on technical assistance, evaluation and follow-up concerning measures adopted under this Regulation. For such operations, by way of derogation from Article 5, Community funding may account for up to 100 % of the cost. However, the overall amount for these measures shall not exceed 2 % of the total budget appropriation provided for in this Regulation. Article 9 Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 5 
Levels of assistance Community assistance under this Regulation shall not exceed 50 % of the cost of the measures set out in Article 2. In some cases, and in particular in regions whose development is lagging behind, it shall be possible for the Commission to increase the contribution to 75 %. The Community contribution shall supplement private or public expenditure. In the cases where the Community contribution is supplementary to private expenditure, the contribution shall on no account exceed 50 %. Community assistance for individual measures or operations funded under this Regulation may not be combined with other assistance from the structural funds. Article 6 Applications for assistance From 1 January 1993 onwards, applications for assistance shall be presented by the competent authorities designated by the Member States following consultations with the professional and social interest groups concerned. The deadline for receipt of such applications shall be 31 March 1993. Article 7 Approval of applications for assistance and implementation The Commission shall adopt a decision on the applications for assistance, in principle no later than three months after their submission, provided that the conditions stipulated in this Regulation have been met. The Community's operations shall cover a period commencing on 1 January 1993 and may include retroactive funding for applications for assistance approved on and after that date. The legal commitment for such measures shall be entered into by 31 December 1993. The Commission shall publish a list of approved applications for assistance in the Official Journal. Article 8 Technical assistance Apart from the forms of assistance referred to in Article 4, financial support may also be provided for expenditure on technical assistance, evaluation and follow-up concerning measures adopted under this Regulation. For such operations, by way of derogation from Article 5, Community funding may account for up to 100 % of the cost. However, the overall amount for these measures shall not exceed 2 % of the total budget appropriation provided for in this Regulation. Article 9 Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 6 
Applications for assistance From 1 January 1993 onwards, applications for assistance shall be presented by the competent authorities designated by the Member States following consultations with the professional and social interest groups concerned. The deadline for receipt of such applications shall be 31 March 1993. Article 7 Approval of applications for assistance and implementation The Commission shall adopt a decision on the applications for assistance, in principle no later than three months after their submission, provided that the conditions stipulated in this Regulation have been met. The Community's operations shall cover a period commencing on 1 January 1993 and may include retroactive funding for applications for assistance approved on and after that date. The legal commitment for such measures shall be entered into by 31 December 1993. The Commission shall publish a list of approved applications for assistance in the Official Journal. Article 8 Technical assistance Apart from the forms of assistance referred to in Article 4, financial support may also be provided for expenditure on technical assistance, evaluation and follow-up concerning measures adopted under this Regulation. For such operations, by way of derogation from Article 5, Community funding may account for up to 100 % of the cost. However, the overall amount for these measures shall not exceed 2 % of the total budget appropriation provided for in this Regulation. Article 9 Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 7 
Approval of applications for assistance and implementation The Commission shall adopt a decision on the applications for assistance, in principle no later than three months after their submission, provided that the conditions stipulated in this Regulation have been met. The Community's operations shall cover a period commencing on 1 January 1993 and may include retroactive funding for applications for assistance approved on and after that date. The legal commitment for such measures shall be entered into by 31 December 1993. The Commission shall publish a list of approved applications for assistance in the Official Journal. Article 8 Technical assistance Apart from the forms of assistance referred to in Article 4, financial support may also be provided for expenditure on technical assistance, evaluation and follow-up concerning measures adopted under this Regulation. For such operations, by way of derogation from Article 5, Community funding may account for up to 100 % of the cost. However, the overall amount for these measures shall not exceed 2 % of the total budget appropriation provided for in this Regulation. Article 9 Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 8 
Technical assistance Apart from the forms of assistance referred to in Article 4, financial support may also be provided for expenditure on technical assistance, evaluation and follow-up concerning measures adopted under this Regulation. For such operations, by way of derogation from Article 5, Community funding may account for up to 100 % of the cost. However, the overall amount for these measures shall not exceed 2 % of the total budget appropriation provided for in this Regulation. Article 9 Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 9 
Monitoring, evaluation and financial control The Commission and the Member States shall ensure effective monitoring and evaluation of Community assistance funded under this Regulation. The Commission decision approving financial assistance shall include the detailed procedures for monitoring and evaluating such assistance. In addition, Member States shall be responsible for refunding to the Community any sums paid in error. Article 10 Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 10 
Commitments and payments 1. Budgetary commitments shall be made on the basis of the decisions taken by the Commission approving the measures concerned. 2. Financial assistance shall be paid in accordance with the budgetary commitments. It shall be sent to the competent authority designated for this purpose in the request for payment submitted by the Member State concerned. 3. An advance of 60 % of each budgetary commitment shall be paid by the Community following the commitment. 4. The balance shall be paid on condition that: - the authority referred to in paragraph 2 submits to the Commission a request for payment within six months of the actual completion of the measure, and no later than 30 June 1995, - the Member State certifies the accuracy of the information supplied in the request for payment. Article 11 Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 11 
Use of the ecu The amounts of the Commission's commitments and payments shall be expressed and paid in ecus. The exchange rates applicable at the time of receipt of the application for assistance and the request for final payment shall be used. Article 12 Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 12 
Report Before 1 November 1994, the Commission shall report to the European Parliament and the Council on the action taken pursuant to this Regulation. Article 13 Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992. For the council The President R. NEEDHAM (1) OJ N° C 220, 27. 8. 1992, p. 4. (2) OJ N° C 337, 21. 12. 1992. (3) Opinion delivered on 25 November 1992 (not yet published in the Official Journal).
Article 13 
Entry into force This Regulation shall enter into force on 1 January 1993 for one year. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1992