# 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: Financial exposure flag:

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Status: repealed

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.)

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Source: https://www.legislation.gov.uk/eudn/2012/838/annex/division/2/division/3/division/3.6/division/3.6.2/division/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2012-838/annex/division-2/division-3/division-3.6/division-3.6.2/division-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.