Guidelines for determining financial corrections to FEI
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Guidelines for determining financial corrections to be made to expenditure co-financed by the EU under the Structural Funds and the European Fisheries Fund for non-compliance with the rules applicable to financial engineering instruments for the 2007-2013 programming period
Financial engineering instruments (FEIs) have become an increasingly important delivery tool of cohesion policy during the 2007-2013 programming period. Their use has been promoted because of the value added of revolving instruments compared to grants in terms of the efficiency of use of public resources.
In relation to the ERDF and the ESF, the specificities of these instruments have already given rise to the issuance of specific guidance notes on FEIs to clarify the application of the regulatory framework to these instruments. For the same reason, these specific guidelines provide indications for the financial corrections to be made for non-compliance with rules applicable to FEIs on expenditure co-financed under the 2007-2013 programming period.
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