Preparatory action – “Capacity building of end-users and other non-industry stakeholders for Union policy making in the area of financial services”
The objective of this 2014 operating grant is to provide a financial contribution for the year 2014 for the functioning of a European financial expertise centre to the direct benefit of European end-users and other non-industry stakeholders in the area of financial services.
The beneficiaries of this grant will be selected through an open procedure. The call for proposals was launched on 11 December 2013 and applications have to be submitted by 22 January 2014. The maximum amount of Union contribution is € 1.750.000, which is further limited to maximum 60% of the total eligible costs of the proposed work programme.
For more information please consult Call for proposals – MARKT/2013/133/H
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Support to specific activities in the field of financial reporting and auditing
Under Regulation (EU) No 258/2014 of the European Parliament and of the Council, the European Commission gives financial support in the form of grants to specific organisations in the field of financial reporting and auditing. The beneficiaries of grants are listed in the above mentioned Regulation. For 2014 they are:
- EFRAG, the European Financial Reporting Advisory Group
- PIOB, the Public Interest Oversight Board
- the International Financial Reporting Standards (IFRS) Foundation
Operating grants are awarded to EFRAG, PIOB and the IFRS Foundation to support all activities of these organisations. The maximum EU co-financing rate to the annual costs of the beneficiary is 60% for EFRAG, 30% for PIOB and 20% for the IFRS Foundation. The total grant programme of DG Internal Market and Services for 2014 is 6.8 million euros for the three beneficiaries.