# Council Regulation (EC) No 215/2008 of 18 February 2008 on the Financial Regulation applicable to the 10th European Development Fund, Article 16: EDF implementation in accordance with the principle of sound financial management

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

1. The Commission shall assume the responsibilities of the Union as defined in Article 57 of the ACP-EU Partnership Agreement and in the Overseas Association Decision. To that end, it shall implement the revenue and expenditure of the EDF in accordance with the provisions of this Part and Part Three of this Regulation, under its own responsibility and within the limits of the EDF resources.
2. The Member States shall cooperate with the Commission so that the EDF resources are used in accordance with the principle of sound financial management.

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Source: https://www.legislation.gov.uk/eur/2008/215/article/16 (the official version)
Page: https://openlegislation.uk/eu-regulation-2008-215/article-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.