{
  "url": "https://openlegislation.uk/eu-regulation-2020-127/article-1",
  "json_url": "https://openlegislation.uk/eu-regulation-2020-127/article-1.json",
  "legislation": "eur/2020/127",
  "legislation_title": "Regulation (EU) 2020/127 of the European Parliament and of the Council of 29 January 2020 amending Regulation (EU) No 1306/2013 as regards financial discipline as from financial year 2021 and Regulation (EU) No 1307/2013 as regards flexibility between pillars in respect of calendar year 2020",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2020-127",
  "path": "article/1",
  "kind": "article",
  "number": "1",
  "heading": "Amendments to Regulation (EU) No 1306/2013",
  "text": "Regulation (EU) No 1306/2013 is amended as follows:\n(1) in Article 16, paragraph 1 is replaced by the following:\n‘1. The annual ceiling for EAGF expenditure shall be constituted by the maximum amounts set for it under Regulation (EU, Euratom) No 1311/2013 and under the Regulation to be adopted by the Council pursuant to Article 312(2) TFEU for the years 2021 to 2027.’;\n(2) in Article 26, paragraph 1 is replaced by the following:\n‘1. In order to ensure that the annual ceilings referred to in Article 16 for the financing of the market-related expenditure and direct payments are respected, an adjustment rate for direct payments (“the adjustment rate”) shall be determined when the forecasts for the financing of the measures financed under that sub-ceiling for a given financial year indicate that the applicable annual ceilings will be exceeded.’.",
  "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/2020/127/article/1",
    "retrieved_at": "2026-11-01T14:42:51.174920+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."
}