Article 12 Criteria for determining management costs and fees on the basis of performance(Article 42(6) of Regulation (EU) No 1303/2013)

The managing authority shall calculate management costs and fees which can be declared as eligible expenditure F1pursuant to Article 42(1)(d) of Regulation (EU) No 1303/2013 on the basis of the following performance based criteria as referred to in Article 42(5) of that Regulation:

The managing authority shall inform the monitoring committee set up in accordance with Article 47 of Regulation (EU) No 1303/2013 of the provisions regarding the performance-based calculation of management costs incurred or of the management fees of the financial instrument. The monitoring committee shall receive reports on an annual basis on the management costs and fees effectively paid in the preceding calendar year.