COUNCIL REGULATION (EU) No 566/2014
of 26 May 2014
amending Regulation (EC) No 617/2007 as regards the application of the transition period between the 10th EDF and the 11th EDF until the entry into force of the 11th EDF Internal Agreement
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to the Partnership Agreement between the members of the African, Caribbean and Pacific (ACP) Group of States of the one part, and the European Community and its Member States, of the other part, as last amended (1) (‘the ACP-EU Partnership Agreement’),
Having regard to the Internal Agreement between the Representatives of the Governments of the Member States, meeting within the Council, on the financing of Community aid under the multiannual financial framework for the period 2008 to 2013 in accordance with the ACP-EC Partnership Agreement and on the allocation of financial assistance for the Overseas Countries and Territories to which Part Four of the EC Treaty applies (2) (the ‘Internal Agreement’), and in particular Article 10(1) thereof,
Having regard to the proposal from the European Commission,
Having regard to the opinion of the European Investment Bank,
Whereas:
(1)
Council Decision 2013/759/EU (3) established transitional European Development Fund (EDF) management measures (‘Bridging Facility’) to ensure the availability of funds for cooperation with African, Caribbean and Pacific countries and with Overseas Countries and Territories, as well as for support expenditure, from 1 January 2014 until the entry into force of the 11th EDF.
(2)
It is necessary to modify Council Regulation (EC) No 617/2007 (4) as regards the operational and financial management by the Commission of the Bridging Facility in the transition period between the 10th EDF and the 11th EDF until the entry into force of the 11th EDF Internal Agreement and the 11th EDF Implementation Regulation.
(3)
It is appropriate to modify in the same way the implementing rules for the operational and financial management of the Investment Facility during this transitional period.
(4)
The organisation and functioning of the European External Action Service are established in Council Decision 2010/427/EU (5).
(5)
Regulation (EC) No 617/2007 should be therefore amended accordingly,
HAS ADOPTED THIS REGULATION:
Article 1
For the transition period between the 10th EDF and the 11th EDF until the entry into force of the 11th EDF Internal Agreement, Articles 1 to 16 of Regulation (EC) No 617/2007 are replaced by those laid down in the Annex to this Regulation.
Article 2
This Regulation shall apply in accordance with Decision 2010/427/EU.
Article 3
This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.
It shall apply until the entry into force of the 11th EDF Implementation Regulation.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 26 May 2014.