European Commission’s updated annotated reporting template for financial instruments published on fi-compass

Published on 19 March 2020
Image
European Commission’s updated annotated reporting template for financial instruments published on fi-compass

All managing authorities using European Structural and Investment Funds (ESIF) are required by Article 46 of the Common Provisions Regulation (CPR) to send to the European Commission a specific report covering their operations comprising ESIF financial instruments.

The updated annotated reporting template for ESIF financial instruments is available here on the fi-compass website.

This updated annotated template for reporting on financial instruments according to Article 46 CPR, replacing the old template used until 2019 (still available here), includes instructions on how to fill-in the required and optional fields in the report on financial instruments (Section 8 in the annual implementation report to be submitted through the System for Fund Management in the European Union (SFC)).

The following changes have been introduced:

  • Adjustment needed to align the model and instructions in line with the amended provisions of:
    • Regulation (EU) 1303/2013 (CPR), as amended by Regulation (EU, Euratom) 2018/1046 (‘the Omnibus’) of 18 July 2018 (Article 2(10); Articles 37-46);
    • Commission Delegated Regulation (EU) 480/2014 (CDR), as amended by Commission Delegated Regulation (EU) 2019/886 of 12 February 2019 (Section 2);
    • Commission Implementing Regulation (EU) 821/2014 (CIR), as amended by Commission Implementing Regulation (EU) 2019/255 of 13 February 2019 (Article 4(4); Annex 1);
  • Additional explanations suggested by national authorities to improve usability of the document;
  • Additional explanations to address the most common questions from managing authorities addressed to the European Commission, the most common mistakes or data quality issues.

All elements covered by the changes introduced by this updated annotated template have been discussed with authorities preparing the summaries in 2019 and 2020, but are now consolidated and incorporated into the annotated template to facilitate preparation by managing authorities. No new elements are introduced which could disrupt the already on-going process of preparation of the reports due by 31 May 2020.