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EU budget — ensuring sound financial management
SUMMARY OF:
WHAT IS THE AIM OF THE DECISION?
It lays down the procedural rules for the panel, which assesses cases referred to it and issues recommendations for exclusion from contracts or for financial penalties, in the absence of final judgment or final administrative decision, for:
KEY POINTS
FROM WHEN DOES THE DECISION APPLY?
It has applied from 30 December 2015.
BACKGROUND
The panel is established under the EU’s financial regulation (Regulation (EU, Euratom) No 966/2012). It is part of the early detection and exclusion system that the Commission has established to protect the EU’s financial interests against unreliable economic operators to ensure sound financial management.
* KEY TERM
economic operator: any individual, company or other entity on which national law confers legal capacity.
MAIN DOCUMENT
Commission Decision (EU) 2015/2463 of 18 December 2015 on the rules of procedure of the panel referred to in Article 108 of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council (OJ L 342, 29.12.2015, pp. 57–63)
RELATED ACTS
Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, 26.10.2012, pp. 1–96)
Successive amendments to Regulation (EU, Euratom) No 966/2012 have been incorporated in the original text. This consolidated version is of documentary value only.
last update 04.07.2016