OpenLegislation

Article 3 Beneficiaries

United Kingdom

Original text. Later amendments are not shown.

1.

The beneficiaries under the Programme shall be the following:

(a)

in the field of financial reporting:

  1. (i)

    F1EFRAG;

  2. (ii)

    the IFRS Foundation;

(b)

in the field of auditing: PIOB.

2.

Bodies working in the field of financial reporting and auditing, which receive Union funding through the Programme, shall have a duty of care to ensure their own independence and that public money is used economically and efficiently, irrespective of the diverse funding streams from which they could benefit.

Annotations

Textual amendments

F1

Substituted by Regulation (EU) 2017/827 of the European Parliament and of the Council of 17 May 2017 amending Regulation (EU) No 258/2014 establishing a Union Programme to support specific activities in the field of financial reporting and auditing for the period of 2014-20 (Text with EEA relevance).