art_104__para_1

Regulation (EU) 2021/1060 of the European Parliament and of the Council of 24 June 2021 laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, the Just Transition Fund and the European Maritime, Fisheries and Aquaculture Fund and financial rules for those and for the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support for Border Management and Visa Policy · European Union

1. The Commission shall make financial corrections by reducing support from the Funds to a programme where it concludes that: there is a serious deficiency which has put at risk the support from the Funds already paid to the programme; expenditure contained in accepted accounts is irregular and was not detected and reported by the Member State; the Member State has not complied with its obligations under Article 97 prior to the opening of the financial correction procedure by the Commission. Where the Commission applies flat-rate or extrapolated financial corrections, this shall be carried out in accordance with Annex XXV.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-28 · Text as adopted (Official Journal); later amendments are not incorporated in this text.