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Proposal for a Council Regulation on the Financial Regulation applicable to the Euratom Supply Agency, COM(2007) 108 final, 2007/0042 (CNS)

Funded under: FP6-EURATOM


The Euratom Supply Agency (hereinafter "the Agency") is the Community body responsible for ensuring an equitable supply of nuclear materials (ores, raw materials and special fissile materials). As such, it has the exclusive right to conclude contracts relating to the supply of these materials coming from inside the Community or from outside (Article 52 Euratom).

The Agency is under the supervision of the Commission (Article 53 Euratom). The Agency has legal personality and financial autonomy (Article 54 Euratom). In Article 54, the Treaty provides that the statutes may provide for a charge on transactions to defray the operating expenses of the Agency.

Since circumstances have changed, the Agency's statutes will be updated following the Council decision, the draft of which is submitted together with this draft Regulation. In 2002 the Community legislator adopted a new Financial Regulation applicable to the general budget of the European Communities and pursuant to Article 185 thereof a framework financial regulation was prepared for the decentralised bodies. These two Regulations are not directly applicable to the Agency.

For several years now the Court of Auditors has requested the adoption of a financial regulation for the Agency which could help to achieve the objectives of sound financial management pursued by the institutions. Given these factors, it seemed appropriate to base the proposal for a Financial Regulation for the Agency on the framework Financial Regulation No 2343/2002, since the legal environment is broadly similar.

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Record Number: 8614 / Last updated on: 2007-07-02