fi-compass Knowledge Hub – Funding agreement
The fi-compass Knowledge Hub – Funding agreement, meeting the requirements of Annex X of the Common Provisions Regulation considered several key features of the funding agreement. This note summarises some of the key insights shared between participants during the event’s in-person workshop on 6 October 2022 in Brussels.
Funding agreements are key contractual documents, obligatory in accordance with the Common Provisions Regulation 2021/1060 (CPR), between the managing authorities of shared management funds and the bodies implementing the financial instruments. They set out the rights and obligations of both parties. Annex X of the CPR lists the required elements of the funding agreement for financial instruments implemented under Article 59(5) CPR.
The Note includes topics such as the regulatory framework under the CPR, best practice (including the sharing of good examples between participants) and recommendations for future implementation based on lessons learned from past operations.