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DG Regio Mailing 21 September 2009 - Financial Deadlines (N+2; M+24)
Important information concerning the first financial deadlines for ETC programmes.
As you know, ETC programmes are facing various financial deadlines by the end of the year 2009.
N+2
Under the terms of Article 93(1) of Council Regulation (EC) no 1083/2006, all funding committed in a particular year n must be used for payment of the pre-financing or interim payments by the end of the second year following the year of commitment (“the n+2 rule”).
M+24
Additionally, Council Regulation (EC) No. 1083/2006 provides in Article 82 (2) that the total amount paid as pre-financing at the moment m shall be reimbursed to the Commission if no application for payment under the operational programme is sent within 24 months from the date on which the Commission pays the first instalment of the pre-financing (the "m+24 rule").
All 2007-2013 programmes having been adopted by the end of 2007 are strongly encouraged to submit payment claims and certificates of expenditure in order to avoid both the automatic decommitment and the reimbursement of the first instalment of the pre-financing.
Description of Management and Control Systems
It is therefore essential that programmes which have not done so urgently sent their Description of Management and Control Systems in order to be able to submit their first payment claim (cf. Art. 71 of Council Regulation (EC) 1083/2006). Should you need information regarding the submission of the compliance assessment, please contact your desk officer.
