TITLE I

This Regulation lays down the essential financial rules on the basis of which the Union body is to adopt its own financial rules. The Union body’s financial rules shall not depart from this Regulation except where its specific needs so require and with the Commission’s prior consent. For the purposes of this Regulation, the following definitions shall apply: ‘constituent act’ means the instrument of Union law governing the main aspects of the setting up and operation of the Union body, ‘budget of the Union body’ means the instrument which, for each financial year, forecasts and authorises all revenue and expenditure considered necessary for the Union body, ‘Union body’ means any body referred to in Article 208 of Regulation (EU, Euratom) No 966/2012, ‘management board’ means the main internal body of the Union body that is responsible for taking decisions on financial and budgetary matters, irrespective of the name given to it in the constituent act, ‘director’ means the person responsible for implementing the decisions of the management board and the budget of the Union body as authorising officer, irrespective of the title given to that person in the constituent act, ‘executive board’ means the internal body of the Union body that assists the management board and whose responsibilities and rules of procedures are set out in the constituent act. Unless otherwise provided, Regulation (EEC, Euratom) No 1182/71 of the Council Regulation (EEC, Euratom) No 1182/71 of the Council of 3 June 1971 determining the rules applicable to periods, dates and time limits (OJ L 124, 8.6.1971, p. 1). shall apply to deadlines set by this Regulation. This Regulation is without prejudice to the requirements of Directive 95/46/EC of the European Parliament and of the Council Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data (OJ L 281, 23.11.1995, p. 31). and of Regulation (EC) No 45/2001 of the European Parliament and of the Council Regulation (EC) No 45/2001 of the European Parliament and of the Council of 18 December 2000 on the protection of individuals with regard to the processing of personal data by the Community institutions and bodies and on the free movement of such data (OJ L 8, 12.1.2001, p. 1). . The budget of the Union body shall be established and implemented in accordance with the principles of unity, budgetary accuracy, annuality, equilibrium, unit of account, universality, specification, sound financial management which requires effective and efficient internal control, and transparency as set out in this Regulation.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-01 · Text as adopted (Official Journal); later amendments are not incorporated in this text.