1. The financial envelope for the implementation of the Programme for the period 2014 to 2020 shall be EUR 43 176 000 in current prices.
2. The annual appropriations shall be authorised by the European Parliament and by the Council within the limits of the multiannual financial framework.
3. The indicative breakdown of the financial envelope laid down in paragraph 1 for the three beneficiaries shall be as follows:
((a))
for EFRAG: EUR 9 303 000;
((b))
for the IFRS Foundation: EUR 31 632 000;
((c))
for PIOB: EUR 2 241 000.