European Fisheries Fund: extension of increased co-financing for Member States threatened with serious difficulties with respect to their financial stability

The Committee on Fisheries adopted the report by Maria do Céu PATRÃO NEVES (EPP, PT) on the proposal for a regulation of the European Parliament and of the Council on amending Council Regulation (EC) No 1198/2006 as regards certain provisions relating to financial management for certain Member States experiencing or threatened with serious difficulties with respect to their financial stability.

It recommended that the Parliament’s position adopted at first reading following the ordinary legislative procedure should amend the Commission proposal as follows:

Members proposed to amend Council Regulation (EC) No 1198/2006 in order to clarify that Member States receiving financial assistance should also benefit from the increased co-financing rate until the end of the eligibility period and the submission of the final application for payment, even where they are no longer receiving financial assistance by that time.

This Regulation should apply from 1 January 2014.