http://www.legislation.gov.uk/eudn/2014/555/article/3Decision No 555/2014/EU of the European Parliament and of the Council of 15 May 2014 on the participation of the Union in a European Metrology Programme for Innovation and Research (EMPIR) jointly undertaken by several Member States (Text with EEA relevance)Decision No 555/2014/EU of the European Parliament and of the CouncilDecision No 555/2014/EU of the European Parliament and of the Council of 15 May 2014 on the participation of the Union in a European Metrology Programme for Innovation and Research (EMPIR) jointly undertaken by several Member States (Text with EEA relevance)2020-12-11King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014D0555texttext/xmlen2014-05-15 Conditions for the Union’s financial contribution Article 3 1 The Union’s financial contribution shall be conditional upon the following: a the demonstration by the Participating States that EMPIR is set up in accordance with Annexes I and II; b the designation by the Participating States, or NMIs designated by Participating States, of EURAMET e.V. ("EURAMET") as the structure responsible for implementing EMPIR and for receiving, allocating and monitoring the Union’s financial contribution; c the commitment by each Participating State to contribute to the financing of EMPIR and to establish a reserve funding capability of 50 % of the amount of the commitment; d the demonstration by EURAMET of its capacity to implement EMPIR, including receiving, allocating and monitoring the Union’s financial contribution in the framework of indirect management of the Union budget in accordance with Articles 58, 60 and 61 of Regulation (EU, Euratom) No 966/2012; and e the establishment of a governance model for EMPIR in accordance with Annex III. 2 During the implementation of EMPIR, the Union's financial contribution shall also be conditional upon the following: a the implementation by EURAMET of EMPIR's objectives set out in Annex I and activities set out in Annex II, in accordance with the rules for participation and dissemination referred to in Article 5; b the maintenance of an appropriate and efficient governance model in accordance with Annex III; c the compliance by EURAMET with the reporting requirements set out in Article 60(5) of Regulation (EU, Euratom) No 966/2012; and d the fulfilment of the commitments referred to in point (c) of paragraph 1 of this Article.