1.
The legal entities wishing to participate in an indirect action shall appoint one of their number to act as coordinator to carry out the following tasks in accordance with this Regulation, the Financial Regulation, the Implementing Rules, and the grant agreement: to monitor the compliance by participants in the indirect action with their obligations; to verify whether the legal entities identified in the grant agreement complete the necessary formalities for accession to the grant agreement; to receive the Community financial contribution and to distribute it in accordance with the consortium and grant agreement; to keep the records and financial accounts relevant for the Community financial contribution and to inform the Commission of its distribution in accordance with Articles 24(1), point (b) and 36; to be intermediary for efficient and correct communication between the participants and to report regularly to the participants and to the Commission on the progress of the project.
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Source: EUR-Lex (Cellar) · retrieved 2026-11-07 · Text as adopted (Official Journal); later amendments are not incorporated in this text.