Regulation 4 Functions under the 1999 Structural Funds Regulation
In relation to the specified Structural Funds, the Assembly may exercise in relation to Wales—
the functions of an authority designated by a Member State for the purpose of participating in the partnership set up pursuant to Article 8,
the functions of a managing authority or paying authority for the purposes of the 1999 Structural Funds Regulation, or
the functions of an authority designated by a Member State for the purposes of Articles 15, 30 and 40,
if, and to the extent that, it is designated as such an authority by a Minister of the Crown.
In relation to the specified Structural Funds, the Assembly shall exercise in relation to Wales the functions conferred on a Member State by Articles 38 and 39.
In this regulation, a reference to an article is a reference to an article of the 1999 Structural Funds Regulation.