# Regulation (EU) 2017/826 of the European Parliament and of the Council of 17 May 2017 on establishing a Union programme to support specific activities enhancing the involvement of consumers and other financial services end-users in Union policy-making in the area of financial services for the period of 2017-2020 (Text with EEA relevance), Article 7: Implementation of the Programme

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

1. The Commission shall implement the Programme in accordance with Regulation (EU, Euratom) No 966/2012.
2. In order to benefit from the Programme, each beneficiary shall submit every year, before 30 November, to the Commission a description of the activities referred to in Article 1(2) planned for the following year that pursue the policy objectives of the Programme (the ‘Proposal’). Those activities shall be described in detail, including their objectives, expected results and impact, estimated costs and timeframe, as well as relevant indicators by which to assess them.
3. The Commission shall implement the Programme by means of annual work programmes in accordance with Regulation (EU, Euratom) No 966/2012.
The annual work programmes shall set out the objectives to be pursued, the expected results of the actions to be performed by the beneficiaries, the method of implementation of those actions and the total amount of funding required to perform those actions. They shall also contain a description of the actions to be financed, an indication of the amount of funding allocated to each action and an indicative implementation timetable.
For the action grants, the annual work programmes shall establish the priorities, the essential award criteria and the maximum rate of co-financing. The maximum rate of direct co-financing shall be 60 % of eligible costs. In the event that a beneficiary receives funding from members who are themselves recipients of funding under Union financing programmes, the Commission shall limit its annual contribution to ensure that total direct and indirect Union funding for actions under the Programme to that beneficiary does not exceed 70 % of total eligible costs.
4. The Commission shall adopt the annual work programmes by means of a financing decision.

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Source: https://www.legislation.gov.uk/eur/2017/826/article/7 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-826/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.