Article 1 Objective and scope
1. The Union shall support the development of the applications and databases necessary to provide information on restrictive measures in force in the Union and to ensure easy access to such information, in particular, by the operators participating in their implementation, as well as the development of information technology tools to allow secure information exchanges between the Member States, stakeholders and the Commission. 2. These upgraded information technology tools shall, in particular, support the implementation of reporting obligations of Member States without creating additional ones. Reporting arrangements with significant consequences for national administrations shall be subject to consultations within the Council, as appropriate.
Article 2 Financial arrangements
1. The financial reference amount for the implementation of the action referred to in Article 1 shall be EUR 450 000. 2. All expenditure shall be managed by the Commission, in accordance with the rules and procedures applicable to the general budget of the Union.
Article 3 Commercially sensitive information
In developing the upgraded sanctions information technology tools, the Commission shall ensure that commercially sensitive information is properly protected through appropriate technical safeguards.
Article 4 Entry into force and duration
This Decision shall enter into force on the date of its adoption. It shall apply until 31 December 2024.