Council Regulation (EC) No 1290/2005

E649518

Council Regulation (EC) No 1290/2005 is a key European Union legal act that reformed the financing of the Common Agricultural Policy, notably by establishing new agricultural funding structures and rules.

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Council Regulation (EC) No 1290/2005 canonical 1

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Statements (45)

Predicate Object
instanceOf EU legal act
European Union regulation
adoptedBy Council of the European Union
aimsTo ensure sound financial management of CAP funds
improve control and audit of agricultural expenditure
simplify CAP financing structures
appliesTo Member States of the European Union
bindingOn all EU Member States
defines rules on accreditation of paying agencies
rules on certification bodies for CAP funds
rules on clearance of CAP accounts
rules on conformity clearance procedures
rules on control of CAP expenditure
rules on financing of CAP expenditure
rules on management of CAP expenditure
rules on monitoring of CAP expenditure
empowers European Commission to adopt implementing rules on CAP financing
establishes European Agricultural Fund for Rural Development
European Agricultural Guarantee Fund
framework for EU agricultural expenditure
implementedBy European Commission
introduces rules on financial discipline in the CAP
rules on transparency of CAP beneficiaries
jurisdiction European Union
languageOfDocument all official languages of the European Union
legalBasis Treaty establishing the European Community
linked to: Treaty of Rome
legalEffect directly applicable in all Member States
legalForm Council regulation
numberInYear 1290/2005
policyArea Common Agricultural Policy
EU agriculture
regulates financing of direct payments to farmers
financing of market measures under the CAP
financing of rural development measures
replaces earlier regulations on financing of the CAP
requires Member States to designate paying agencies
Member States to establish coordinating bodies where necessary
annual accounts and declarations from paying agencies
sector EU budget
EU cohesion and rural development
shortName EAGF and EAFRD financing regulation
subjectMatter agricultural funds
budgetary rules for agriculture
financing of the Common Agricultural Policy
typeOfMeasure horizontal CAP financing regulation

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European Agricultural Guarantee Fund createdBy Council Regulation (EC) No 1290/2005