Translation of "translation of commission exécute " (French → English) :

International Olympic Committee Executive Board [ IOC Executive Board ]

Permanent Executive Committee of the Inter-American Economic and Social Council | CEPCIES [Abbr.]

Permanent Executive Committee of CITEL

implementing Regulation [ Commission Implementing Regulation | Council Implementing Regulation ]

implementing directive [ Commission implementing directive | Council implementing directive ]

implementing decision [ Commission implementing decision | Council implementing decision ]

discount broker | discount stock broker | discounter | cut-rate broker | no-frills broker

It first states that "Where the Commission implements the budget by shared management, implementation tasks shall be delegated to Member States in accordance with the provisions of Titles I and II of part two". and then that "In cases of shared or decentralised management, in order to ensure that the funds are used in accordance with the applicable rules, the Commission shall apply clearance-of-accounts procedures or financial correction mechanisms which enable it to assume final responsibility for the implementation of the budget in accordance with Article 274 of the EC Treaty and Article 179 of the Euratom Treaty".

Shared management, as defined in Article 53 of the Financial Regulation [5], is one of the ways in which the Commission implements the Community budget, a task laid on it by Article 274 of the Treaty: "The Commission shall implement the budget [...] on its own responsibility and within the limits of the appropriations, having regard to the principles of sound financial management.

The Commission shall implement the activities in pursuit of the general objectives set out in Article 3 of this Regulation in accordance with the methods of implementation of the budget set out in Article 58 of Regulation (EU, Euratom) No 966/2012, in particular direct or indirect management by the Commission on a centralised basis, or joint management with international organisations.

Where the Commission implements the budget directly in its departments, implementation tasks shall be performed by the financial actors within the meaning of Articles 64 to 75 of the Financial Regulation and in compliance with the conditions laid down in this Regulation.