PART IIU.K.PROVISIONS COMMON TO THE FOUR FUNDS

CHAPTER 3U.K.Information to be provided regarding use of the Fund

Article 21U.K.Revision of the description of management and control systems

[F11. The responsible authority shall notify the Commission by formal letter of any substantial change in the management and control system and shall send a revised description of the management and control system to the Commission as soon as possible and at the latest at the time any such change takes effect.]

2.Substantial changes are changes which are likely to have an impact on the separation of functions, on the effectiveness of selection, award, control and payment mechanisms and on communication with the Commission. They shall include, in particular, changes in one of the designated authorities, in the accounting system and in the payment and certification processes.

3.Revision of the management and control systems shall follow the same procedure as laid down in Article 20.