# Commission Delegated Regulation (EU) No 110/2014 of 30 September 2013 on the model financial regulation for public-private partnership bodies referred to in Article 209 of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council (repealed) EU Regulation No 110/2014 · adopted 30 September 2013 Commission Delegated Regulation (EU) No 110/2014 of 30 September 2013 on the model financial regulation for public-private partnership bodies referred to in Article 209 of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council (repealed) ## Introductory text Commission Delegated Regulation (EU) No 110/2014 of 30 September 2013 on the model financial regulation for public-private partnership bodies referred to in Article 209 of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council (repealed) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 1: SCOPE ## 1 Subject matter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Scope of the budget . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 2: BUDGETARY PRINCIPLES ## 4 Respect for budgetary principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Principles of unity and of budgetary accuracy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Principle of annuality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Principle of equilibrium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Principle of unit of account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Principle of universality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Principle of specification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Principle of sound financial management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Internal control of budget implementation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Principle of transparency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 3: FINANCIAL PLANNING ## 14 Estimate of revenue and expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Establishment of the budget . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 4: FINANCIAL ACTORS ## 16 Budget implementation in accordance with the principle of sound financial management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Powers and duties of the authorising officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Ex ante controls . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Ex post controls . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Annual reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Protection of the financial interests of the Union . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Accounting officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Liability of the financial actors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Conflict of interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Segregation of duties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 5: INTERNAL AUDIT ## 26 Appointment, powers and duties of the internal auditor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Independenceof the internal auditor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Establishment of an internal audit capability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 6: REVENUE AND EXPENDITURE OPERATIONS ## 29 Implementation of revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Members’ contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Implementation of expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Time limits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 7: IMPLEMENTATION OF THE BUDGET OF THE PPP BODY ## 33 Procurement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Experts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Prizes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Indication of means of redress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 8: ACCOUNTING ## 38 Rules governing the accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Structure of the accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Accounting principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Budgetary implementation reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Provisional accounts and approval of the final accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 Accounting system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 9: EXTERNAL AUDIT, DISCHARGE AND COMBATTING FRAUD ## 46 External audit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Timetable of the discharge procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47a The discharge procedure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47b Follow-up measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 On-the-spot checks by the Commission, the Court of Auditors and OLAF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter 10: FINAL AND TRANSITIONAL PROVISIONS ## 49 Information requests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 Adoption of the PPP body's financial rules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 51 Entry into force . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2014/110 (the official version) Page: https://openlegislation.uk/eu-regulation-2014-110 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.