3.

The Monitoring Committee shall satisfy itself as to the effectiveness and quality of the implementation of assistance. To that end: pursuant to Article 15, it shall confirm or adjust the programme complement, including the physical and financial indicators to be used to monitor the assistance. Its approval must be obtained before any further adjustment is made; it shall consider and approve the criteria for selecting the operations financed under each measure within six months of approval of the assistance; it shall periodically review progress made towards achieving the specific objectives of the assistance; it shall examine the results of implementation, particularly achievement of the targets set for the different measures and the mid-term evaluation referred to in Article 42; it shall consider and approve the annual and final implementation reports before they are sent to the Commission; it shall consider and approve any proposal to amend the contents of the Commission decision on the contribution of the Funds; it may in any event propose to the managing authority any adjustment or review of the assistance likely to make possible the attainment of the objectives referred to in Article 1 or to improve the management of assistance, including in respect of financial management. Any adjustment to the assistance shall be made in accordance with Article 34(3).

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Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.