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EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

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3.2.4. Compatibility with the current multiannual financial framework<br />

– X Proposal/initiative is compatible with the proposed MFF 2014-2020 <br />

Proposal/initiative will entail reprogramming of the relevant heading in the<br />

multiannual financial framework.<br />

The proposal provides for extra tasks to be carried out by EIOPA. This will require<br />

additional resources under budget line 12.0403.01. This is already included in the<br />

proposed multiannual financial framework 2014-2020.<br />

– Proposal/initiative requires application of the flexibility instrument or<br />

revision of the multiannual financial framework 37 .<br />

3.2.5. Third-party contributions<br />

Member States via EU<br />

national supervisors *<br />

TOTAL appropriations<br />

cofinanced<br />

– The proposal/initiative does not provide for co-financing by third<br />

parties<br />

– The proposal/initiative provides for the co-financing estimated below:<br />

Year<br />

2014<br />

Year<br />

2015<br />

Year<br />

2016<br />

Appropriations in EUR million (to 3 decimal places)<br />

EN 89 EN<br />

Total<br />

0,452 0,407 0,407 1,266<br />

0,452 0,407 0,407 1,266<br />

* Estimation based on current financing mechanism in EIOPA regulation (Member States<br />

60%, Community 40%)<br />

37 See points 19 and 24 of the Interinstitutional Agreement.

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