# Commission Delegated Regulation (EU) 2019/887 of 13 March 2019 on the model financial regulation for public-private partnership bodies referred to in Article 71 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council, Article 12: Principle of specification

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

1. Appropriations shall be earmarked for specific purposes at least by title and chapter.
2. The director may transfer appropriations:
(a) from one title to another up to a maximum of 10 % of the appropriations for the year shown on the line from which the transfer is made;
(b) from one chapter to another and within each chapter without limit.
3. Beyond the limits referred to in paragraph 2, the director may propose transfers of appropriations from one title to another to the governing board. The governing board shall have three weeks to oppose the proposed transfers. After that time limit the proposed transfers shall be deemed to be adopted.
4. The director shall inform the governing board as soon as possible of all transfers carried out under paragraph 2.

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Source: https://www.legislation.gov.uk/eur/2019/887/article/12 (the official version)
Page: https://openlegislation.uk/eu-regulation-2019-887/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.