On 1 January 2016, the revised Financial Regulation and its Rules of Application have entered into force. The new public procurement rules encourage the wider use of green procurement (environmentally friendly goods, services and works) and thus support the shift towards a more resource efficient and low-carbon economy.
Moreover, the simplified rules alleviate the administrative burden both on EU institutions and on business, and accelerate the access to EU funds.
A new Early detection and exclusion system (EDES) has also become operational in January 2016. It replaces the current Early Warning System and the Central Exclusion Databasecontaining information on economic operators representing a threat to the Union's financial interests.
The European Parliament and the Council of the EU adopted on 28 October 2015 a Regulation amending the current Financial Regulation (FR).
The Rules of Application (RAP) were adopted by the Commission on 30 October 2015.
After a 2-month period in which the European Parliament and the Council of the EU could express possible objections, both the amended FR and RAP have entered into force on 1 January 2016.