# 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 4.2.1.2: For natural persons

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Status: repealed

There will be no more in-depth financial analysis for a natural person.
However, if the result of the concise financial analysis has shown:
Either a quick ratio (liquidity) inferior to 1,5;
Or a solvency ratio superior to 1,2
the financial capacity will be considered as ‘insufficient’ and, as a consequence, 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.

---
Source: https://www.legislation.gov.uk/eudn/2012/838/annex/division/2/division/4/division/4.2/division/4.2.1/division/4.2.1.2 (the official version)
Page: https://openlegislation.uk/eu-decision-2012-838/annex/division-2/division-4/division-4.2/division-4.2.1/division-4.2.1.2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.