Article 45 Re-use of resources after the end of the eligibility periodX1E1
England, Scotland and Northern Ireland
F1The relevant authority shall adopt the necessary measures to ensure that resources paid back to financial instruments, including capital repayments and gains and other earnings or yields generated during a period of at least eight years after the end of the eligibility period, which are attributable to F2support for rural development to financial instruments pursuant to Article 37, are re-used in accordance with the aims of the programme or programmes, either within the same financial instrument or, following the exit of those resources from the financial instrument, in other financial instruments provided that, in both cases, an assessment of market conditions demonstrates a continuing need for such investment, or in other forms of support.
Annotations
Textual amendments
- F1
Words in Art. 45 substituted (31.12.2020) by The European Structural and Investment Funds Common Provisions (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/785), regs. 1, 8(9)(a); 2020 c. 1, Sch. 5 para. 1(1)
- F2
Words in Art. 45 substituted (31.12.2020) by The European Structural and Investment Funds Common Provisions (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/785), regs. 1, 8(9)(b) (as amended by S.I. 2020/1542, regs. 1(2), 13(6)(g)); 2020 c. 1, Sch. 5 para. 1(1)
Extent
- E1
This version of this provision applies to England, Scotland and Northern Ireland only; a separate version has been created for Wales
Editorial notes
Notes on the whole EU Regulation
Textual amendments
- F1
Regulation revoked in so far as relating to the European Maritime and Fisheries Fund (31.12.2020) by The Common Fisheries Policy (Amendment etc.) (EU Exit) Regulations 2020 (S.I. 2020/1542), reg. 1(3), Sch. Pt. 2
Notes on Part TWO
Textual amendments
- F1
Pt. 2 heading substituted (31.12.2020) by The European Structural and Investment Funds Common Provisions (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/785), regs. 1, 5(1) (as amended by S.I. 2020/1542, regs. 1(2), 13(3)(a)); 2020 c. 1, Sch. 5 para. 1(1)