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Article 20

Article 20

Funds made available to the European Investment Bank or other financial intermediaries

The funds referred to in Article 11(1)(d) shall be managed by financial intermediaries, the European Investment Bank (hereinafter referred to as ‘the EIB’) or any other bank or organisation capable of managing them. The Commission shall adopt implementing provisions for this Article, on a case-by-case basis to cover risk-sharing, the remuneration of the intermediary entrusted with the task of implementation, the use and recovery of interest on the fund and the closure of the operation.

Official text · consolidated version 14/12/2006 (in force) Open full page ↗
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