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services on financial instruments under the
fi-compass is a unique platform for advisory
for Employment and Social Innovation (EaSI).
European Structural and Investment Funds
(ESIF) and microfinance under the Programme
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be an important tool for boosting EU agriculture.
Investments, in a variety of forms, will help create a modern, dynamic agri-food
sector to create jobs and enhance growth in the EU. Financial Instruments will
Financial instruments using the European Social Fund
can support a wide range of financially viable
investment projects
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EC Regulatory Guidance (Guidance for Member States on the selection of bodies implementing financial instruments)


This guidance note applies to financial instruments using the European Structural & Investment Funds (ESIF). Managing authorities that use financial instruments as a tool for achieving the objectives of an ESIF programme can either undertake implementation tasks directly, invest in the capital of a newly created or existing legal entity, or entrust implementation tasks to other bodies. In the latter case, Article 38(4)(b) of the Common Provisions Regulation provides different possibilities for entrusting financial instruments implementation tasks. This guidance note aims at providing clarifications about these possibilities.

European Commission