CHAPTER IPRODUCER ORGANISATIONS

SECTION 3Aid

Article 11Advance payments

1.

Applications for advance payments may be submitted F1... on a three-monthly basis in January, April, July and October F2....

Total advance payments made for a given year shall not exceed 80 % of the initially approved amount of aid for the operational programme.

2.

Advance payments shall be paid subject to the lodging of a security equivalent to 110 % thereof in accordance with Commission Delegated Regulation (EU) No 907/20148.

3.

F3Nothing in this Regulation prevents the appropriate authority from setting a minimum amount and the deadlines for advance payments.