Article 49 Financial charges and guarantee costsX1

The following charges and costs shall be eligible for a contribution from the ERDF:

1. (a)

   charges for transnational financial transactions;

2. (b)

   where the implementation of an operation requires a separate account or accounts to be opened, the bank charges for opening and administering the account or accounts;

3. (c)

   legal consultancy fees, notarial fees, costs of technical and financial experts, and accountancy and audit costs, if they are directly linked to the co-financed operation and are necessary for its preparation or implementation or, in the case of accounting and audit costs, if they relate to requirements imposed by the managing authority;

4. (d)

   the cost of guarantees provided by a bank or other financial institution to the extent to which the guarantees are required by national or Community legislation.

Fines, financial penalties and expenditure on legal disputes shall not be eligible.