# Commission Regulation (EC) No 1828/2006 of 8 December 2006 setting out rules for the implementation of Council Regulation (EC) No 1083/2006 laying down general provisions on the European Regional Development Fund, the European Social Fund and the Cohesion Fund and of Regulation (EC) No 1080/2006 of the European Parliament and of the Council on the European Regional Development Fund, Article 49: Financial charges and guarantee costs

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

The following charges and costs shall be eligible for a contribution from the ERDF:
(a) charges for transnational financial transactions;
(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;
(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;
(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.

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Source: https://www.legislation.gov.uk/eur/2006/1828/article/49 (the official version)
Page: https://openlegislation.uk/eu-regulation-2006-1828/article-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.