European Commission

When managing EU funds, do we have one or more laws to respect?

• Just the FR (Financial Regulation)

• Just the Belgian law

• All laws of the legal framework

If the most important law is on top of a pyramid, which is it?

• Internal rules

• Financial Regulation

• Basic Acts

• Treaties

Answer explanation

Do Basic Acts (Decision, Directive, Regulation) have an expiry date?

• No

• Yes

• Never

Are internal rules binding for us?

• Only if they are checked by audits

• Always

Does administrative expenditure need a Basic Act?

• Yes

• No

Answer explanation

Do we have to follow the rules set in the Financial Regulation?

• No, the Financial Regulation is only a guide

• Yes, unless we register an exception in the Annual Activity Report

• Yes, unless our Basic Act says otherwise

• Always, the Financial Regulation is the Bible