# Commission Regulation (EC) No 1653/2004 of 21 September 2004 on a standard financial regulation for the executive agencies pursuant to Council Regulation (EC) No 58/2003 laying down the statute for executive agencies to be entrusted with certain tasks in the management of Community programmes, Article 11

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

Budget revenue and expenditure must balance. The agency may not raise loans.
Appropriations may not exceed the amount of the Community subsidy referred to in Article 5, plus assigned revenue and any other revenue referred to in Article 5.

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Source: https://www.legislation.gov.uk/eur/2004/1653/article/11 (the official version)
Page: https://openlegislation.uk/eu-regulation-2004-1653/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.