# Commission Decision of 18 December 2012 on the adoption of the Rules to ensure consistent verification of the existence and legal status of participants, as well as their operational and financial capacities, in indirect actions supported through the form of a grant under the Seventh Framework Programme of the European Community for research, technological development and demonstration activities and under the Seventh Framework Programme of the European Atomic Energy Community for nuclear research and training activities (Text with EEA relevance) (2012/838/EU, Euratom) (revoked), Division 3.4.2: Natural persons

Extent: E+W+S+N.I.
Status: repealed

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.

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Source: https://www.legislation.gov.uk/eudn/2012/838/annex/division/2/division/3/division/3.4/division/3.4.2 (the official version)
Page: https://openlegislation.uk/eu-decision-2012-838/annex/division-2/division-3/division-3.4/division-3.4.2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.