# Decision No 556/2014/EU of the European Parliament and of the Council of 15 May 2014 on the participation of the Union in a second European and Developing Countries Clinical Trials Partnership Programme (EDCTP2) jointly undertaken by several Member States, Article 5: Contributions from Participating States

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

1. Contributions from the Participating States shall consist of the following:
(a) financial contributions to the EDCTP2-IS;
(b) in-kind contributions consisting of the costs incurred by the Participating States in implementing activities included and clearly identified in the EDCTP2 annual work plan, or in relation to the administrative budget of the EDCTP2-IS.
2. For the purpose of evaluating the contributions referred to in point (b) of paragraph 1, the costs shall be determined in accordance with the usual accounting practices and accounting standards of the Participating State concerned and to the applicable International Accounting Standards/International Financial Reporting Standards.

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Source: https://www.legislation.gov.uk/eudn/2014/556/article/5 (the official version)
Page: https://openlegislation.uk/eu-decision-2014-556/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.