Division 4.2 Actions to be taken in case of ‘weak’ resultF1

If the result of the concise financial viability check is ‘weak’, the authorising officer in charge will have first of all to conduct a more in-depth financial analysis (see section 4.2.1).

If, according to the results of this more in-depth analysis, the financial capacity of the applicant:

• is ‘acceptable’ or ‘good’, the applicant can participate in the indirect action, without any other action to be taken.

• remains ‘weak’, the authorising officer in charge will have to consider protection measures as defined under section 4.2.2.

• is ‘insufficient’ (see section 4.2.1), the applicant cannot participate in the indirect action, except if duly justified reasons are provided by the authorising officer according to his/her own risk assessment.

For other cases (‘positive’ financial viability but with ‘weak’ results for co-financing check, Equity Flag, Financial Exposure Flag; audit report with serious qualification; substantial financial findings relating to the financial capacity of a legal entity following a financial audit carried out within the last 2 years), the authorising officer in charge will have to consider protection measures as defined under section 4.2.2.