{
  "url": "https://openlegislation.uk/eu-decision-2010-462/introduction",
  "json_url": "https://openlegislation.uk/eu-decision-2010-462/introduction.json",
  "legislation": "eudn/2010/462",
  "legislation_title": "Commission Decision of 18 August 2010 concerning the adoption of a financing decision on a pilot project to promote consumer empowerment, efficiency and stability of European financial markets through training of consumer associations and similar organisations (2010/462/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2010-462",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Commission Decision\nof 18 August 2010\nconcerning the adoption of a financing decision on a pilot project to promote consumer empowerment, efficiency and stability of European financial markets through training of consumer associations and similar organisations\n(2010/462/EU)\nTHE EUROPEAN COMMISSION,\nHaving regard to the Treaty on European Union,\nHaving regard to Council Regulation (EC, Euratom) No 1605/2002 of 25 June 2002 on the Financial Regulation applicable to the general budget of the European Communities (hereinafter referred to as ‘the Financial Regulation’), and in particular Article 75 thereof,\nHaving regard to Commission Regulation (EC, Euratom) No 2342/2002 of 23 December 2002 laying down detailed rules for the implementation of Council Regulation (EC, Euratom) No 1605/2002 on the Financial Regulation applicable to the general budget of the European Communities (hereinafter referred to as ‘the Implementing Rules’), and in particular Article 90 thereof,\nWhereas:\n(1)\nIn accordance with Article 75 of the Financial Regulation and Article 90(1) of the Implementing Rules, the commitment of expenditure from the Union budget shall be preceded by a financing decision setting out the essential elements of the action involving expenditure and adopted by the institution or the authorities to which powers have been delegated by the institution.\n(2)\nIn accordance with Article 49(6)(a) of the Financial Regulation the current pilot project is a pilot scheme of an experimental nature designed to test the feasibility of an action and its usefulness.\n(3)\nThe Budgetary Authority allocated in the Union budget for 2010 EUR 1 million for a pilot project concerning consumer empowerment, efficiency and stability of European financial markets through training.\n(4)\nThree actions are foreseen for implementation for this pilot project, and the financing of these actions should be subject to a single decision.\n(5)\nAs financial services are becoming more complex, consumers are more in need of financial advice. A service of general financial advice can empower consumers, and provide information on how to buy financial services smartly. The training of non-profit entities, such as consumer associations and other non-governmental organisations as well as governmental organisations, will enable them to provide better advice to consumers on a wider range of important issues in financial services.\n(6)\nThe present financing decision may also cover the payment of interest due for late payment on the basis of Article 83 of the Financial Regulation and Article 106(5) of the Implementing Rules.\n(7)\nIt is appropriate to define the terms ‘substantial change’ within the meaning of Article 90(4) of the Implementing Rules for the application of this decision,\nHAS ADOPTED THIS DECISION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ L 248, 16.9.2002, p. 1."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ L 357, 31.12.2002, p. 1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2010/462/introduction",
    "retrieved_at": "2026-11-01T15:16:01.946289+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}