17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa
17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa
17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa
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9. Expiry<br />
Union contribution allocated to the Equity Instrument shall be reimbursed to the relevant fiduciary<br />
account as investments are exited or mature otherwise. The fiduciary account shall maintain<br />
sufficient funding to cover fees or risks related to the Equity Instrument until its expiry.<br />
10. Reporting<br />
Annual reporting methods on the implementation of the Equity Instrument shall be agreed by the<br />
Commission and the entrusted entity in the agreement in li<strong>ne</strong> with the Financial Regulation.<br />
In addition, the Commission shall, with the support of the entrusted entities, report on<br />
implementation annually to the European Parliament and the Council until 2023 in accordance with<br />
the Article 131(6) of the Financial Regulation.<br />
11. Monitoring, control and evaluation<br />
The Commission shall monitor the implementation of the Equity Instrument, including through on-<br />
the-spot controls as appropriate, and shall perform verification and controls in li<strong>ne</strong> with the<br />
Financial Regulation.<br />
<strong>12</strong>. Support actions<br />
The implementation of the Equity Instrument may be supported by a set of accompanying<br />
measures. These may include, amongst other measures, technical and financial assistance; measures<br />
to raise the aware<strong>ne</strong>ss of capital providers; schemes to attract private investors.<br />
III. Annual schedule for the contribution from the ge<strong>ne</strong>ral budget of the EU 65<br />
1. The contribution from the ge<strong>ne</strong>ral budget of the EU to the Debt Instrument shall be made<br />
available to the EIB and entrusted entities in accordance with the following indicative schedule:<br />
65 Amounts will be filled in once the MFF <strong>ne</strong>gotiations are completed and numbers are known.<br />
<strong>17107</strong>/<strong>12</strong> <strong>FL</strong>/<strong>ne</strong> 87<br />
ANNEX TO ANNEX <strong>DG</strong> E 2 A E