Summary of data on the progress made in financing and implementing financial engineering instruments co-financed by Structural Funds Programming period

This is the second successive year that the Commission has produced the summary of data on the progress made in financing and implementing financial engineering instruments (FEIs), reported by the managing authorities in accordance with Article 67(2)(j) of Council Regulation (EC) No. 1083/2006.In view of the increased share of cohesion policy resources delivered through FEIs during 2007-2013 it became necessary to enhance the transparency of the implementation process and ensure appropriate monitoring by the Member States and by the Commission. Accordingly, Article 67 of Council Regulation (EC) 1083/2006 was modified to provide that annual implementation reports for the years 2011 onwards and due by 30th June of each year, would include reporting data on the progress made in financing and implementing FEIs as defined in Article 44 of the Regulation, and the Commission would prepare a summary of this data by 1st October of the same year.