# 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 18

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

The director shall take decisions on transfers of appropriations within the operating budget. He shall inform the management board beforehand, which may oppose such transfers. After approval by the management board or in the absence of a reply within three weeks from the information being provided, the director may proceed with the planned transfers.
Appropriations corresponding to assigned revenue may be transferred only if they are used for the purpose to which the revenue is assigned.

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Source: https://www.legislation.gov.uk/eur/2004/1653/article/18 (the official version)
Page: https://openlegislation.uk/eu-regulation-2004-1653/article-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.