Retained EU Law SI 2014/480 United Kingdom

Commission Delegated Regulation (EU) No 480/2014 of 3 March 2014 supplementing Regulation (EU) No 1303/2013 of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person1

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art006 Specific rules on the role, liabilities and responsibility of bodies implementing financial instruments(Third subparagraph of Article 38(4) and Article 39a(7) of Regulation (EU) No 1303/2013) Regulated
  • Implement financial instruments with professional care and transparencyAny Person
s.art009 Management and control of financial instruments set up at national or regional level Regulated
Other duties (1) — Crown / regulator
  • Managing authorities must ensure documentation and audit compliance for EU-funded financial instrumentsCrown / Minister / Government department
32 other provisions — procedural and definitional
s.annex iii para.1 Data is required for operations supported by the ESF, the...
s.art001 Subject matter
s.art001 Interpretation
s.art002 Determination of the level of financial correction(Fourth subparagraph of Article 22(7) of Regulation (EU) No 1303/2013)
s.art003 Level of financial correction(Fourth subparagraph of Article 22(7) of Regulation (EU) No 1303/2013)
s.art004 Specific rules on the purchase of land(Article 37(13) of Regulation (EU) No 1303/2013)
s.art005 Combination of technical support with financial instruments(Article 37(13) of Regulation (EU) No 1303/2013)
s.art007 Criteria for the selection of bodies implementing financial instruments(Third subparagraph of Article 38(4) and Article 39a(7) of Regulation (EU) No 1303/2013)
s.art008 Specific rules on guarantees delivered through financial instruments (Third subparagraph of Article 38(4) and Article 39a(7) of Regulation (EU) No 1303/2013)
s.art010 Rules for withdrawal of payments to financial instruments and consequent adjustments in respect of applications for payment (Article 41(3) of Regulation (EU) No 1303/2013)
s.art011 System of capitalisation of annual instalments for interest rate subsidies and guarantee fee subsidies(Third subparagraph of Article 42(1) of Regulation (EU) No 1303/2013)
s.art012 Criteria for determining management costs and fees on the basis of performance(Article 42(6) of Regulation (EU) No 1303/2013)
s.art013 Thresholds for management costs and fees(Article 42(5) and (6) of Regulation (EU) No 1303/2013)
s.art014 Reimbursement of capitalised management costs and fees for equity-based instruments and micro-credit(Article 42(6) of Regulation (EU) No 1303/2013)
s.art015 Method for calculating discounted net revenue(Seventh subparagraph of Article 61(3) of Regulation (EU) No 1303/2013)
s.art016 Determination of revenues(Seventh subparagraph of Article 61(3) of Regulation (EU) No 1303/2013)
s.art017 Determination of costs(Seventh subparagraph of Article 61(3) of Regulation (EU) No 1303/2013)
s.art018 Residual value of the investment(Seventh subparagraph of Article 61(3) of Regulation (EU) No 1303/2013)
s.art019 Discounting of cash flows(Seventh subparagraph of Article 61(3) of Regulation (EU) No 1303/2013)
s.art020 Flat rate financing for indirect costs based on Regulation (EU) No 1290/2013(Second paragraph of Article 68 of Regulation (EU) No 1303/2013)
s.art021 Flat rate financing for indirect costs based on Regulation (EU, Euratom) No 966/2012 (Second paragraph of Article 68 of Regulation (EU) No 1303/2013)
s.art022 Requirements for independent experts carrying out the quality review(Fourth paragraph of Article 101 of Regulation (EU) No 1303/2013)
s.art023 Quality review of major projects(Fourth paragraph of Article 101 of Regulation (EU) No 1303/2013)
s.art024 Data to be recorded and stored in computerised form(Article 125(8) of Regulation (EU) No 1303/2013)
s.art025 Detailed minimum requirements for the audit trail(Article 125(9) of Regulation (EU) No 1303/2013)
s.art026 Use of the data collected during audits carried out by Commission officials or authorised Commission representatives(Article 127(8) of Regulation (EU) No 1303/2013)
s.art027 Audits of operations(Article 127(7) of Regulation (EU) No 1303/2013)
s.art028 Methodology for the selection of the sample of operations(Article 127(7) of Regulation (EU) No 1303/2013)
s.art029 Audits of accounts(Article 127(7) of Regulation (EU) No 1303/2013)
s.art030 Criteria for determining serious deficiencies in the effective functioning of management and control systems(Article 144(6) of Regulation (EU) No 1303/2013)
s.art031 Criteria for applying flat rates or extrapolated financial corrections and criteria for determining the level of financial correction(Article 144(6) of Regulation (EU) No 1303/2013)
s.art032 This Regulation shall enter into force on the day following...

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