Public Consultation on the Review of EC Financial Regulation

17-12-2009
The deadline for submitting contributions is December 18, 2009. The Commission will present its proposal in mid-2010.

The European Commission opened up a public consultation on the second triennial review of the Financial Regulation and Implementing Rules. The individuals and organizations are welcome to contribute to the consultation with the aim of simplifying the financial rules and procedures applicable to the EU Budget. Contributions are particularly sought from beneficiaries of EU funds, NGOs and private entities & public authorities at local, regional, national and/or European level.

The Commission has identified two major topics of the consultation: grants and the Commission’s handling of financial files. However, opinions on other matters are also welcome. "Any best practice examples of funding requirements involving other international, European,national or local funders are of particular interest." In order for the contribution to be considered as filed on behalf of an organization and not as an individual submission, the organization needs to register with the the Register for Interest Representatives.