{
  "url": "https://openlegislation.uk/eu-regulation-2019-887/article-13",
  "json_url": "https://openlegislation.uk/eu-regulation-2019-887/article-13.json",
  "legislation": "eur/2019/887",
  "legislation_title": "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",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2019-887",
  "path": "article/13",
  "kind": "article",
  "number": "13",
  "heading": "Principle of sound financial management and performance",
  "text": "1. Appropriations shall be used in accordance with the principle of sound financial management, and thus be implemented respecting the following principles:\n(a) the principle of economy which requires that the resources used by the PPP body in the pursuit of its activities shall be made available in due time, in appropriate quantity and quality and at the best price;\n(b) the principle of efficiency which concerns the best relationship between the resources employed, the activities undertaken and the achievement of objectives;\n(c) the principle of effectiveness which concerns the extent to which the objectives pursued are achieved through the activities undertaken.\n2. In line with the principle of sound financial management, the use of appropriations shall focus on performance and for that purpose:\n(a) objectives for activities shall be established ex-ante;\n(b) progress in the achievement of objectives shall be monitored with performance indicators;\n(c) progress in, and problems with, the achievements of those objectives shall be reported to the European Parliament and the Council in accordance with point (d) of Article 16(2) and with Article 23(2).\n3. Specific, measurable, attainable, relevant and time-bound objectives referred to in paragraphs 1 and 2 shall be set for all sectors of activity covered by the budget of the PPP body and relevant, accepted, credible, easy and robust indicators shall be defined where relevant. Information on the indicators shall be provided annually by the director to the governing board, at the latest when submitting the documents accompanying the draft budget of the PPP body.\n4. Unless the constituent act provides for evaluations to be conducted by the Commission, the PPP body, in order to improve decision-making, shall undertake evaluations, including retrospective evaluations, which shall be proportionate to the objectives and expenditure. Evaluation results shall be sent to the governing board.\n5. Retrospective evaluations shall assess the performance of the activity, including aspects such as effectiveness, efficiency, coherence, relevance and EU added value. Retrospective evaluations shall be based on the information generated by the monitoring arrangements and indicators established for the action concerned. They shall be undertaken at least once every multiannual financial framework and where possible in sufficient time for the findings to be taken into account in ex-ante evaluations or impact assessments which support the preparation of related programmes and activities.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2019/887/article/13",
    "retrieved_at": "2026-11-01T14:43:21.561781+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}