# Commission Regulation (EC) No 718/2007 of 12 June 2007 implementing Council Regulation (EC) No 1085/2006 establishing an instrument for pre-accession assistance (IPA), Article 47: Closure of a programme

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

1. After an application for final payment has been received by the Commission, a programme is considered closed as soon as one of the following occurs:
payment of the final balance due by the Commission,
issuance of a recovery order by the Commission,
de-commitment of the final balance of the budgetary commitment by the Commission.
2. The closure of a programme does not prejudice the Commission's right to undertake a financial correction at a later stage.
3. The closure of a programme does not affect the obligations of the beneficiary country to continue to retain related documents, in accordance with Article 48.

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Source: https://www.legislation.gov.uk/eur/2007/718/article/47 (the official version)
Page: https://openlegislation.uk/eu-regulation-2007-718/article-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.