Technical Specifications I. Introduction Ii. Applicable
Annex 1 TECHNICAL SPECIFICATIONS I. INTRODUCTION 1. The European Parliament needs audit reports including an audit opinion on annual accounts and on the statement of expenditure eligible for European Union funding of European political parties and European political foundations (hereinafter "parties" or "foundations"), as well as on their compliance with rules and regulations applicable to funding. The reports have to be provided starting with the parties’ and foundations’ financial year 2020. 2. The parties and foundations can apply to the European Parliament and can be awarded funding (“contributions” for parties and “grants” for foundations) from the budget of the European Union to cover part of their expenditure. II. APPLICABLE LEGISLATION 3. The legal framework of funding applicable for the financial year 2020 onwards is as follows: Regulation (EU, EURATOM) No 1141/2014 of the European Parliament and of the Council of 22 October 2014 on the statute and funding of European political parties and European political foundations1, as subsequently amended (hereinafter 'Regulation (EU, EURATOM) No 1141/2014'); Decision of the Bureau of the European Parliament of 1 July 2019 laying down the procedures for implementing Regulation No 1141/20142 (hereinafter 'Bureau decision of 1 July 2019'); Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/20123 (hereinafter 'Financial Regulation') III.
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