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Article 5 Funding agreement under the standard terms and conditions

United Kingdom

Original text. Later amendments are not shown.

1.

The managing authority shall conclude in writing a funding agreement for contributions from programmes to financial instrument, F1which shall contain the terms and conditions in accordance with Annex I.

2.

The funding agreement shall contain as annexes:

(a)

F2the ex-ante assessment required under Article 37 of Regulation (EU) No 1303/2013 justifying the financial instrument;

(b)

the business plan of the financial instrument including the investment strategy and a description of the investment, guarantee or lending policy;

(c)

the description of the instrument which must be aligned with the detailed standard terms and conditions of the instrument and which must fix the financial parameters of the financial instruments;

(d)

the monitoring and reporting templates.

Annotations

Textual amendments

F1

Words in Art. 5(1) omitted (W.) (26.3.2021 in so far as it relates to domestic support for rural development) by virtue of The Agricultural Support (Miscellaneous Amendments) (Wales) (EU Exit) Regulations 2021 (S.I. 2021/400), regs. 1(2), 12(5)(a)

F2

Art. 5(2)(a) omitted (W.) (26.3.2021 in so far as it relates to domestic support for rural development) by virtue of The Agricultural Support (Miscellaneous Amendments) (Wales) (EU Exit) Regulations 2021 (S.I. 2021/400), regs. 1(2), 12(5)(b)