# Regulation (EU) No 1303/2013 of the European Parliament and of the Council of 17 December 2013 laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund and repealing Council Regulation (EC) No 1083/2006, Article 43: Interest and other gains generated by support for rural development to financial instruments

Extent: E+S+N.I.

1. Support for rural development paid to financial instruments shall be placed in accounts domiciled within financial institutions in the constituent nation and shall be invested on a temporary basis in accordance with the principles of sound financial management.
2. Interest and other gains attributable to support for rural development paid to financial instruments shall be used for the same purposes, including the reimbursement of management costs incurred or payment of management fees of the financial instrument in accordance with point (d) of the first subparagraph of Article 42(1) and in accordance with Article 42(2) and (3), as the initial support for rural development, either within the same financial instrument or, following the winding up of the financial instrument, in other financial instruments or forms of support in accordance with the specific objectives set out under a priority, until the end of the eligibility period.
3. The managing authority shall ensure that adequate records of the use of interest and other gains are maintained.

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Source: https://www.legislation.gov.uk/eur/2013/1303/article/43 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-1303/article-43
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.