Implementation

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8.4 Financial Management and Control Arrangements

Without prejudice to the Commission’s responsibility for implementing the general budget of the European Union, Ireland shall take responsibility in the first instance for the financial control of assistance.

Financial management and control will involve a series of interlocking certification and verification operations across different tiers of management. The specific roles and responsibilities of these different tiers are outlined in the paragraphs below.

Management and financial provisions may require adjustment in order to comply with any future rules enacted under Art 53 of the Regulation.

Where the designated Managing Authority and Paying Authority is the same body, complete separation of the two functions will be ensured.

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