Retained EU Law 2014 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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At a glance

What's here

2 compliance obligations

Who this Act binds

Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on 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)

  • Implement financial instruments with professional care and transparency
s.art009

Management and control of financial instruments set up at national or regional level

Other duties (1) — Crown / regulator
  • Managing authorities must ensure documentation and audit compliance for EU-funded financial instruments Crown / Minister / Government department
Browse 32 other sections — procedural / definitional / commencement
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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