# Commission Delegated Regulation (EU) No 907/2014 of 11 March 2014 supplementing Regulation (EU) No 1306/2013 of the European Parliament and of the Council with regard to paying agencies and other bodies, financial management, clearance of accounts, securities and use of euro, Article 11: Applicable exchange rate for drawing up declarations of expenditure

Extent: E+W+S+N.I.

(1.) In accordance with Article 106(4) of Regulation (EU) No 1306/2013, as regards direct payment supportCMO support, for drawing up their declarations of expenditure, the relevant authority may choose to express that expenditure in either euro or sterling and shall apply the same exchange rate as that which they used to make payments to beneficiaries or receive revenue, in accordance with Chapter V and the sectoral agricultural legislation. ...
(2.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

---
Source: https://www.legislation.gov.uk/eur/2014/907/article/11 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-907/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.