EC Regulatory Guidance

Audit methodology

EC Regulatory Guidance

Audit methodology for auditing financial instruments in the period 2014-2020 – update 2021

The audit methodology, including this 2021 update, has been prepared with the objective to assist the Commission auditors and audit authorities (AAs) for their audits pursuant to Article 127 of the Common Provisions Regulation (CPR). The methodology sets out the overall audit approach of the Commission services for carrying out audits of financial instruments in accordance with the applicable rules. It focuses on the key risk areas that might have a material impact in terms of legality and regularity of the expenditure related to the financial instruments operations.

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2021 update of the annotated template for reporting on financial instruments

EC Regulatory Guidance

2021 update of the annotated template for reporting on financial instruments

This updated annotated template for reporting on financial instruments according to Article 46 Common Provisions Regulation (CPR) 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)).

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UPDATED Guidance on State Aid in European Structural and Investment (ESI) Funds Financial instruments in the 2014-2020 programming period

EC Regulatory Guidance

UPDATED Guidance on State Aid in European Structural and Investment (ESI) Funds Financial instruments in the 2014-2020 programming period

The UPDATED Staff Working Document aims to facilitate the application of State aid rules in the field of financial instruments and to point to different possibilities of achieving State aid compliance. The updated guidance reflects the changes introduced by the Omnibus Regulation and includes a new Annex providing practical explanations and examples relating to common questions raised by stakeholders.

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updated annotated template for reporting on financial instruments according to Article 46 Common Provisions Regulation

EC Regulatory Guidance

The 2020 update of the annotated template for reporting on financial instruments according to Article 46 Common provisions regulation

This 2020 update of the annotated template for reporting on financial instruments according to Article 46 Common Provisions Regulation (CPR) 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 enclosed file is based on the file available through fi-compass website since April 2017.

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Guidance leverage reporting

EC Regulatory Guidance

Guidance for Member States on Article 46 - reporting on financial instruments and on Article 37(2)(c) - leverage effect

This document provides technical guidance on how to interpret and apply the EU rules of Article 46 CPR – reporting on financial instruments and on Article 37(2)(c) CPR – leverage effect.

The document provides Commission services' explanations and interpretations of the said rules to facilitate the programme implementation and to encourage good practice(s).

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Financial Instruments-Overview of changes in Title IV of the CPR following the Omnibus regulation

EC Regulatory Guidance

Financial instruments - Overview of changes in Title IV of the CPR following the Omnibus regulation

This information document has been prepared by the European Commission to provide an overview of the modifications concerning financial instruments introduced in Title IV of Regulation (EU) 1303/2014 (CPR) with the Omnibus Regulation (Regulation (EU, Euratom) 2018/1046).

The aim of this document is to provide support to managing authorities and other stakeholders who want to understand the new rules better and make use of them.

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