# Council Regulation (EU) 2015/323 of 2 March 2015 on the financial regulation applicable to the 11th European Development Fund (repealed) EU Regulation 2015/323 ยท adopted 2 March 2015 Council Regulation (EU) 2015/323 of 2 March 2015 on the financial regulation applicable to the 11th European Development Fund (repealed) ## Introductory text Council Regulation (EU) 2015/323 of 2 March 2015 on the financial regulation applicable to the 11th European Development Fund (repealed) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part ONE: MAIN PROVISIONS ### Title I: Subject matter, scope and general provisions ## 1 Scope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Relation to Regulation (EU, Euratom) No 966/2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Periods, dates and time limits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Protection of personal data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title II: Financial principles ## 5 Financial principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Principles of unity and budgetary accuracy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Principle of unit of account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Principle of universality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Assigned revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Principle of specification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Principle of sound financial management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Internal control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Principle of transparency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title III: 11th EDF resources and implementation ## 14 Sources of 11th EDF resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Structure of the 11th EDF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 11th EDF implementation in accordance with the principle of sound financial management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Methods of implementation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title IV: Financial actors ## 18 General provisions on financial actors and their liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Authorising officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Accounting officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title V: Revenue operations ## 21 Annual contribution and its instalments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Payment of the instalments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Interest for unpaid contribution amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Calling on unpaid contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Other revenue operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title VI: Expenditure operations ## 26 Financing decisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Rules applicable to commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Validation, authorisation and payment of expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Time limits for payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title VII: Various implementation provisions ## 30 Internal auditor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 IT systems, electronic transmission and e-Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Good administration and redress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Use of the central exclusion database . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Administrative arrangements with the European External Action Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title VIII: Types of financing ## 35 General provisions on types of financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Procurement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Prizes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Budget support . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Financial instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Experts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Union trust funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title IX: Presentation of the accounts and accounting ## 43 11th EDF accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 Financial statements and the report on financial implementation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 Monitoring and reporting by the Commission and the EIB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Budgetary accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title X: External audit and discharge ## 48 External audit and discharge regarding the Commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49 Statement of assurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 Discharge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part TWO: INVESTMENT FACILITY ## 51 Role of the European Investment Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52 Estimates of commitments and payments of the Investment Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53 Management of contributions to the Investment Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 Remuneration of the EIB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 Implementation of the Investment Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 Reporting under the Investment Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 Accounting and financial statements of the Investment Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 External audit and discharge relating to EIB operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part THREE: TRANSITIONAL AND FINAL PROVISIONS ### Title I: Transitional provisions ## 59 Transfer of balances remaining from previous European Development Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60 Revenue from interest on resources of previous EDFs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 61 Reduction of contributions by remaining balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 Application of this Regulation to operations under previous EDFs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 Commencement of contribution procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Title II: Final provisions ## 64 Entry into force . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2015/323 (the official version) Page: https://openlegislation.uk/eu-regulation-2015-323 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.