Article 9 Paying agentsF1
United Kingdom
The financial institutions in the OCTs with which the Commission opens accounts in accordance with the Financial Regulation applicable to the 10th EDF for the purposes of implementing cooperation with the OCTs shall exercise the functions of ‘ Paying Agents ’ .
Interest shall be payable on funds deposited with Paying Agents in the Community.
The Paying Agents shall receive no remuneration for their services and no interest shall be payable on deposited funds.