OpenLegislation

Division Financial exposure flag:F1

United Kingdom Repealed

Original text. Later amendments are not shown.

In addition, and for coordinators only, a noteworthy value based on the project total pre-financing and the coordinators turnover is used as complementary data (Flag). The Financial Exposure Flag will be considered ‘positive’ if the indicator ‘project total pre-financing/turnover’ is equal or inferior to 0,5. (If the turnover is 0, the operating income shall be used for the calculation.)

Annotations

Textual amendments

F1

Decision revoked (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Revocation and Sunset Disapplication) Regulations 2023 (S.I. 2023/1143), reg. 2(3), Sch. 2 Pt. 2