Retained EU Law SI 2019/887 United Kingdom

Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person12 Director or Officer9 Employer3

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
Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

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.art004 Respect for budgetary principles Regulated
  • Run your PPP body budget according to key accounting principlesAny Person
s.art008 Principle of equilibrium Regulated
  • Keep your PPP body's budget in balance — no borrowing allowedAny Person
s.art009 Principle of unit of account Regulated
  • Use euro for PPP body budget, implementation and accountsAny Person
s.art013 Principle of sound financial management and performance Regulated
  • Manage appropriations in line with sound financial management principlesDirector or Officer
s.art014 Internal control of budget implementation Regulated
  • Implement effective internal controls for budget managementEmployer
s.art015 Principle of transparency Regulated
  • Publish budget and recipient information on websiteAny Person
s.art016 Estimate of revenue and expenditure Regulated
  • Send annual budget estimate and work programme to the CommissionDirector or Officer
s.art017 Establishment of the budget Regulated
  • Governing board must adopt annual budget and staff plan by year-endDirector or Officer
s.art019 Budget implementation in accordance with the principle of sound financial management Regulated
  • Implement budget with sound financial management and ensure complianceDirector or Officer
s.art024 Protection of the financial interests of the Union Regulated
  • Include fraud-reporting clauses in external auditor contractsEmployer
s.art025 Accounting officer Regulated
  • Governing board must appoint an independent accounting officerDirector or Officer
s.art027 Conflict of interests Regulated
  • Prevent and manage conflicts of interest in PPP bodiesAny Person
s.art028 Appointment, powers and duties of the internal auditor Regulated
  • Maintain internal audit function and act on recommendationsAny Person
s.art032 Members' contribution Regulated
  • Pay your contribution to the PPP body when requestedAny Person
s.art033 Implementation of expenditure Regulated
  • Adopt and publish annual work programme with required contentAny Person
s.art035 Forms of the PPP body contributions Regulated
  • Consider recipients' interests when choosing contribution formAny Person
s.art040 Information to the Commission on cases of fraud and other financial irregularities Regulated
  • Notify the European Commission of suspected fraud and financial irregularitiesAny Person
s.art045 Grants Regulated
  • Use authorised lump sums, unit costs or flat rate financing for grantsAny Person
s.art047 Accounting rules Regulated
  • Set up and maintain a proper accounting systemDirector or Officer
s.art048 Structure of the accounts Regulated
  • Prepare annual accounts for each financial yearEmployer
s.art053 Annual report on budgetary and financial management Regulated
  • Prepare and send annual report on budgetary and financial managementDirector or Officer
s.art054 External audit Regulated
  • Appoint an independent external auditor for annual accountsDirector or Officer
s.art058 On-the-spot checks by the Commission, the Court of Auditors and OLAF Regulated
  • Grant EU auditors access to premises and informationAny Person
s.art060 Adoption of the PPP body's financial rules Regulated
  • Adopt or revise your PPP body's financial rulesDirector or Officer
38 other provisions — procedural and definitional
s.art001 Subject Matter
s.art002 Definitions
s.art003 Scope of the budget
s.art005 Principles of unity and of budgetary accuracy
s.art006 Principle of annuality
s.art007 Commitment of appropriations
s.art010 Principle of universality
s.art011 Corporate sponsoring
s.art012 Principle of specification
s.art018 Segregation of duties
s.art020 Powers and duties of the authorising officer
s.art021 Ex ante controls
s.art022 Ex post controls
s.art023 Consolidated Annual Activity report
s.art026 Liability of the financial actors
s.art029 Independence of the internal auditor
s.art030 Establishment of an internal audit capability
s.art031 Implementation of revenue
s.art034 Time limits
s.art036 Cross-reliance on assessments
s.art037 Cross-reliance on audits
s.art038 Use of already available information
s.art039 Cooperation for protection of the financial interests of the Union
s.art041 Early-detection and exclusion system
s.art042 Rules on procedures, management and e-government
s.art043 Procurement
s.art044 Experts
s.art046 Prizes
s.art049 Supporting documents
s.art050 Financial statements
s.art051 Budget implementation reports
s.art052 Provisional accounts and final accounts
s.art055 Timetable of the discharge procedure
s.art056 The discharge procedure
s.art057 Follow-up measures
s.art059 Information requests
s.art061 Repeal
s.art062 Entry into force

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.