Guidance for Member States on Article 41 CPR– Request for payment

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Available languages : English
Period : 2014-2020
Date : 06/08/2015

During the 2007-2013 period, in order to encourage the early implementation of financial engineering instruments, Regulation (EC) No 1083/2006 ("the General Regulation") provided that payments into the funds could be declared in interim payment applications to the Commission as eligible expenditure.

However, in some cases delays occurred in disbursing the funds to final recipients and management costs were not always linked to performance. Moreover, a serious concern has been in some cases the practice of over- allocation of resources to financial engineering instruments which then remain in the funds, accumulating interest and management costs and fees, instead of being disbursed to the final recipients. Such practices have been discouraged by the Commission, namely through guidance issued in 2008 and 2011, as they were considered not to be in accordance with sound financial management and delayed the positive effect investments could have on the economy.

More information :

Financial Instruments in Cohesion Policy

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