National co-financing which is expected to be paid can be included in the request for the interim payment Article 41 CPR – Co-financing No distinction between grants and financial Where the whole priority rates instruments. axis is delivered through financial instruments the co-financing rate is increased by 10 percentage points and in case of contributions to an EU level financial instrument the financing rate can go up to 100% Art 120(5)and (7) – CPR. Management cost and Management Performance-oriented Management fees eligible under and fees eligible methodology of calculating costs and fees Article 43(4) of under Article management cost and fees Implementing 52(1)(b) and limited as well as their thresholds – Regulation No by Article 51(5) of Articles 42(1)(d) CPR and 1828/2006 (link to Regulation No Articles 12, 13 and 14 CDR performance 1974/2006 (link to recommended by EC in performance COCOF note) recommended) Capitalised Not eligible. The period for eligibility of management capitalised management and fees costs and fees in case of for equity-based instruments based and micro-credit is set at 6 instruments years after the end of the and eligibility period if investments in final recipients occurred within the regular eligibility period and an escrow account has been set up for that purpose Art 42(2) CPR and Article – 14 CDR Interest Legal basis set out in Interest generated Full provisions set out from (treasury successive amendments from payments from outset – management), of the Regulations and RDPs to financial Articles 43, 44 and 45 CPR resources recommendations set instruments to be returned, out in COCOF note used for the purpose legacy of the fund. resources Reporting Compulsory reporting No compulsory Compulsory reporting from only from 2011 reporting part of the outset, on a range of – onwards and on a the general annual indicators linked to the limited range of reporting on the Financial Regulation – indicators. programme's Article 46 CPR implementation. Combination of Article 43(6) of the No specific rules. The CPR contains grant and Implementing General principles provisions on combination financial Regulation provided for apply. of financial instruments instrument combination of grant and grants within FI and financial Interest rate operation (e.g. interest rate instrument, for a subsidies seen as a subsidy or guarantee fee specific area, at the separate form of subsidy) and as two distinct level of final recipients support from FEI
National co-financing which is expected to be paid can be included in the request for the interim payment – Article 41 CPR Co-financing rates No distinction between grants and financial instruments. Where the whole priority axis is delivered through financial instruments the co-financing rate is increased by 10 percentage points and in case of contributions to an EU level financial instrument the rate can go up to 100% – Art 120(5)and (7) CPR. Management costs and fees Management cost and fees eligible under Article 43(4) of Implementing Regulation No 1828/2006 (link to performance recommended by EC in COCOF note) Management and fees eligible under Article 52(1)(b) and limited by Article 51(5) of Regulation No 1974/2006 (link to performance recommended) Performance-oriented methodology of calculating management cost and fees as well as their thresholds – Articles 42(1)(d) CPR and Articles 12, 13 and 14 CDR Capitalised management and fees for instruments and Not eligible. The period for eligibility of capitalised management costs and fees in case of equity-based instruments and micro-credit is set at 6 years after the end of the eligibility period if investments in final recipients occurred within the regular eligibility period and an escrow account has been set up for that purpose – Art 42(2) CPR and Article 14 CDR Interest (treasury management), resources returned, legacy resources Legal basis set out in successive amendments of the Regulations and recommendations set out in COCOF note Interest generated from payments from RDPs to financial instruments to be used for the purpose of the fund. Full provisions set out from outset – Articles 43, 44 and 45 CPR Reporting Compulsory reporting only from 2011 onwards and on a limited range of indicators. No compulsory reporting – part of the general annual reporting on the programme's implementation. Compulsory reporting from the outset, on a range of indicators linked to the Financial Regulation – Article 46 CPR Combination of grant and financial instrument Article 43(6) of the Implementing Regulation provided for combination of grant and financial instrument, for a specific area, at the level of final recipients No specific rules. General principles apply. Interest rate subsidies seen as a separate form of support from FEI The CPR contains provisions on combination of financial instruments and grants within FI operation (e.g. interest rate subsidy or guarantee fee subsidy) and as two distinct based financing
EGESIF_21st_Meeting_16-0006-00_GN_Eligibility_rules_for_ESIF_FIs.docx