# Council Regulation (EU) 2018/1488 of 28 September 2018 establishing the European High Performance Computing Joint Undertaking, Article 18: Operational and financial planning

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

1. The multiannual strategic plan shall specify the strategy and plans for achieving the objectives of the Joint Undertaking set out in Article 3 of this Regulation. The multiannual strategic plan shall be composed of a multiannual strategic research and innovation agenda and a multiannual strategic agenda for the acquisition of supercomputers drafted by the Industrial and Scientific Advisory Board and multiannual financial perspectives received from the Participating States and the Commission.
2. The Executive Director shall submit to the Governing Board for adoption a draft annual work plan which shall include the research and innovation activities, the procurement activities, the administrative activities and the corresponding expenditure estimates.
3. The annual work plan shall be adopted by the end of the year prior to its implementation. The annual work plan shall be made publicly available.
4. The Executive Director shall prepare the draft annual budget for the following year and shall submit it to the Governing Board for adoption.
5. The annual budget for a particular year shall be adopted by the Governing Board by the end of the previous year.
6. The annual budget shall be adapted in order to take into account the amount of the Union's financial contribution as set out in the general budget of the Union.

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Source: https://www.legislation.gov.uk/eur/2018/1488/annex/article/18 (the official version)
Page: https://openlegislation.uk/eu-regulation-2018-1488/annex/article-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.