Division 3.4.2 Natural personsF1

Even if the situations where a natural person will:

• request an estimated EU financial contribution exceeding EUR 500 000; and/or

• be a coordinator;

are theoretical, these possibilities must be foreseen, in order to comply with paragraph 6 of article 38 of the FP7 RP.

At the negotiation stage, and in compliance with FP7 RP and with the IR of the FR, each natural person subject to a verification of its financial capacity shall provide the validation services with:

• its last income tax declaration;

• a certified declaration of its current patrimony;

• an exhaustive list (with relevant dates and figures) of its debts, broken down in short-term debts (maximum one year) and medium/long-term debts (more than one year), as certified by its creditors;

• an audit report, as described in section 3.4.1, if requesting an estimated EU financial contribution exceeding EUR 500 000.