§2.2 Government oversight

14. Article 133(5)(b) CRR requires that legislative programmes must involve ‘some form of government oversight’. 15. For the purposes of Article 133(5), government means public authorities with some form of executive powers, including central and regional governments of Member States, the European Commission, European and national public financial institutions, agencies and bodies. 16. The governmental authorities or agencies tasked with the oversight may not necessarily be the providers of the subsidies and the guarantees under a legislative programme. 17. Legislative programmes should contain robust and transparent criteria and screening procedures to select the beneficiaries. 18. The government oversight should also take place after the screening process to confirm the positive selection of the investments on an on-going basis, including via the periodical monitoring of their performance or of their continuing compliance with the criteria of the legislative programme concerned.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07