3.

At the end of the period set by the Commission, the Commission may, if no agreement has been reached and the Member State has not made the corrections and taking account of any comments made by the Member State, decide within three months to: reduce the payment on account referred to in Article 32(2); or make the financial corrections required by cancelling all or part of the contribution of the Funds to the assistance concerned. The Commission shall when deciding the amount of a correction take account, in compliance with the principle of proportionality, of the type of irregularity or change and the extent and financial implications of the shortcomings found in the management or control systems of the Member States. In the absence of a decision to do either (a) or (b) the interim payments shall immediately cease to be suspended.

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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.