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2.

Strategy documents referred to under Article 38(8) for financial instruments implemented under point (c) of Article 38(4) shall include at least the following elements: the investment strategy or policy of the financial instrument, general terms and conditions of envisaged debt products, target recipients and actions to be supported; a business plan or equivalent documents for the financial instrument to be implemented, including the expected leverage effect referred to in Article 37(2); the use and re-use of resources attributable to the support of the ESI Funds in accordance with Articles 43, 44 and 45; monitoring and reporting of the implementation of the financial instrument to ensure compliance with Article 46.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-29 · Text as adopted (Official Journal); later amendments are not incorporated in this text.